DoorDash has outperformed SpaceX by 48% since IPO
DoorDash has performed 48% better than SpaceX since Elon Musk’s rocketship company launched for public trading at $150 per share on June 12. While SpaceX, which famously lost $1 trillion of market capitalization for its investors has crashed 6%, DoorDash has increased in value by 42%. In fact, based on current stock prices, it would have been better to buy any number of restaurant stocks instead of SpaceX on the Nasdaq. Texas Roadhouse has performed 13% better, Flanigan’s has trounced by 35%, and Cracker Barrel has outperformed by 12%. DoorDash (green) versus SpaceX (red) IPO on June 12, 2026. Source: TradingView Measuring the drawdown from SpaceX’s peak is even more embarrassing. Since June 16, SpaceX has declined 37%. It hit an intraday high of $225.64 that day, and performance has been down-only since. DoorDash opened for trading at $155.24 per share on June 12, while SpaceX began trading at $150 — $15 higher than its formal IPO price. Almost ...