Two of the most talked about assets of the past year are at opposite ends of the performance scale at the moment. SpaceX (SPCX) just completed a record-breaking IPO and has soared higher since then, while $ Bitcoin The original “rise number” asset is actually much lower than where it traded a year ago. So, if you had enough money to work, which would reward you more?
Let’s run the numbers on both, using an obvious comparison: a SpaceX investor who bought at the IPO launch versus a Bitcoin investor who bought one year ago, both measured at today’s prices.
*Investments carry risks. Trade responsibly.
SpaceX or Bitcoin: the key numbers
Here’s where each asset stands today versus its entry point:
- SpaceX (SPCX): Subscribe at a price $135is now trading at ~ $201 – He won approx +49% Since its launch.
- Bitcoin (BTC): Trading around ~$105,000 – $107,000 In mid-June 2025, now in ~$65,200 – Decrease approx −38% Over the past 12 months.
On the surface, it’s not even close: SpaceX IPO buyers are making gains of close to 50% in a matter of weeks, while Bitcoin buyers from a year ago are deep in the red.
What would have been $1000
The numbers look more realistic in dollars. Imagine that you are laid down $1000 In all:
SpaceX on IPO launch ($135):
- $1,000 ÷ $135 ≈ 7.4 shares
- 7.4 shares x $201 ≈ $1,489
- Profit: approximately +$489 (+49%)
Bitcoin one year ago (~$106,000):
- $1,000 ÷ $106,000 ≈ 0.00943 Bitcoin
- 0.00943 BTC x $65,200 ≈ $615
- Loss: approximately −$385 (−38%)
Same $1,000, completely different results. SpaceX’s position grew by almost half. The Bitcoin position lost more than a third of its value. The gap between them has ended $870 For a share of $1000.
Why has SpaceX’s price skyrocketed?
Not only was SpaceX’s big debut, it was also the largest IPO in history, opening with a valuation of nearly $1.77 trillion. Some forces pushed SPCX higher out of the gate:
- Scarcity of access. Asian buyers and many retail investors were excluded from the IPO registry, leaving incomplete demand chasing the stock on the open market.
- A unique work that is difficult to replicate. Launch dominance, Starlink’s recurring revenue, and clear leadership in reusable rockets give SpaceX a moat that few companies can match.
- Momentum and narrative. Hot IPOs attract trend followers, and the token stock package mirroring SPCX has kept it in front of native cryptocurrency traders around the clock.
Why did the price of Bitcoin fall?
Bitcoin’s decline is not just a blow to the asset’s long-term thesis, but rather a reminder of its volatility. The past 12 months have seen Bitcoin reach an all-time high near $126,000 in late 2025 before a sharp pullback, falling due to tightening macro conditions, ETF inflows, and a months-long geopolitical conflict that has crushed risk appetite. At roughly $65,200, Bitcoin remains far from its highs and last year’s level.
The nuance: Your Bitcoin return depends largely on when I bought. The buyer from two years ago still makes a comfortable profit; Jupiter a year ago who got on top is not. This timing sensitivity is the whole story of volatile assets.
The difference between Bitcoin and SpaceX investment
Before SpaceX is crowned, there are some important caveats:
- Different time frames. SPCX is up +49% in weeks. Bitcoin -38% is more than a full year. Setting aside a few weeks for a hot IPO is misleading — new listings are extraordinarily volatile and can lose ground just as quickly.
- Post-IPO risks are real. Newly listed stocks often cool off strongly after their debut. SPCX at $201 could easily pull back towards its IPO price of $135 as the rally continues.
- Bitcoin has a longer track record. Over several years, Bitcoin has historically rewarded patient holders with brutal withdrawals. One year doesn’t invalidate that, but it doesn’t guarantee it either.
- They are fundamentally different origins. SpaceX is stock in a cash-flowing company that has real products. Bitcoin is a decentralized monetary asset with no profits. Comparing them is useful for framing, but they serve different roles in a portfolio.
SpaceX vs Bitcoin: Which is the better investment?
If you only sign up for the trades shown – SpaceX in IPO vs. Bitcoin a year ago – SpaceX is the clear winnerturning $1,000 into roughly $1,489 while trimming Bitcoin to roughly $615. The IPO buyer got a once-in-a-generation listing; Bitcoin buyers are at the top of the cycle.
But investing isn’t about the cleanest backtest – it’s about what happens next. SpaceX has a classic post-IPO risk at $201, while Bitcoin’s price at $65,200 is closer to historically oversold territory than euphoria. The more the better past The investment was clearly SPCX. The more the better future Investing depends on your time horizon, your risk tolerance, and whether you believe a hot IPO continues to work or faltering Bitcoin triggers another comeback.
As always: past performance tells you what happened, not what will happen.
