Two of last year’s most talked-about brands are at the bottom of the league table right now. SpaceX (SPCX) just completed a record-breaking IPO and has been on a tear ever since $ Bitcoin – the original “number-to-go-up” stock – is below where it sold a year ago. So if you had money to work with, who would bless you the most?
Let’s run the numbers on both, using a clear apples-to-apples comparison: a SpaceX investor who bought at the IPO versus a Bitcoin investor who bought one year ago, both measured at today’s prices.
*Money has risks. Trade accordingly.
SpaceX or Bitcoin: The Head Number
Here’s where each asset stands today versus its location:
- SpaceX (SPCX): The price of the IPO $135now selling at ~$201 – get approx +49% from the beginning.
- Bitcoin ($BTC): Shopping around ~$105,000–$107,000 in June 2025, now on ~$65,200 – less energy -38% in the last 12 months.
At the top, it is not close: the SpaceX IPO buyer is living close to a profit of 50% in a matter of weeks, while a year ago the Bitcoin buyer is very deep.
What would $1,000 be worth
The numbers feel real in dollars. Imagine you put it $1,000 in each:
SpaceX on IPO launch ($135):
- $1,000 ÷ $135 ≈ 7.4 shares
- 7.4 shares × $201 ≈ $1,489
- Profit: about + $489 (+49%)
Bitcoin 1 year ago (~$106,000):
- $1,000 ÷ $106,000 ≈ 0.00943 BTC
- 0.00943 BTC × $65,200 ≈ $615
- Loss: about −$385 (−38%)
Same $1,000, very different results. SpaceX’s space almost doubled; The Bitcoin space lost a third of its value. The difference between them is gone $870 at a cost of $1,000.
Why SpaceX Price is so complicated
SpaceX’s debut was not big – it was the largest IPO in history, opening at a price of ~$1.77 trillion. Low power drove SPCX over the gate:
- Lack of opportunity. Asian buyers and many wholesalers were locked into the IPO book, leaving insufficient demand to drive the stock into the market.
- A unique business, difficult to repeat. Establishing control, Starlink’s recurring revenue, and a strong lead in flexible rockets give SpaceX few companies that can match it.
- Power is matter. Hot IPOs attract trend-followers, and tokenized-equity stack mirroring SPCX has kept it in front of crypto traders throughout.
Why is Bitcoin Price Down?
Bitcoin’s decline isn’t a knock on the long-term outlook — it’s a reminder of its volatility. The past 12 months have seen BTC hit a high near $126,000 by the end of 2025 before a sharp rebound, pulled lower and tied to major conditions, ETF outflows, and months of global conflict that broke the bullseye. At ~$65,200, Bitcoin is sitting well on both its highs and its previous year’s level.
The bottom line: your Bitcoin returns are highly dependent when you bought it. Buyer two years ago is still good profit; a year ago the buyer who held the top is not. The knowledge of that time is a whole story that has a constant property.
The difference between Bitcoin and SpaceX Investment
Before putting on the SpaceX crown, an important caveat is in order:
- Different times. SPCX’s +49% came weeks; Bitcoin’s −38% is over a full year. A few weeks’ notice of a hot IPO is misleading – new listings are volatile and can return profits just as quickly.
- Post-IPO risk is real. Newly listed stocks often freeze after the launch. SPCX at $201 may return to its $135 IPO price as it continues to rise.
- Bitcoin has a long history. Over the years, Bitcoin has been rewarding patients with addictions. One down year doesn’t rule it out – but it doesn’t guarantee it either.
- They are very different goods. SpaceX is an honest to goodness company that produces money and real products. Bitcoin is a stable financial asset with no profit. Comparisons are useful in design, but they serve different purposes in society.
SpaceX vs Bitcoin: Which is the Better Currency?
If you’re scoring on the reported sales – SpaceX at IPO vs. Bitcoin a year ago – SpaceX is the clear winnerturning $1,000 into ~$1,489 while Bitcoin reduced it to ~$615. The IPO buyer held a one-time listing; Bitcoin buyer caught the cycle above.
But investing isn’t about pure backtesting – it’s about what happens next. SpaceX carries the latest IPO risk at $201, while Bitcoin at $65,200 is closer to the oversold segment than excited. Good in the past money was clearly SPCX. Good in the future investment depends on your time frame, your risk tolerance, and whether you believe that the hot IPO will continue or that the Bitcoin strike will lead to a return.
As always: past behavior tells you what happened, not what will happen.
