DoorDash has outperformed SpaceX by 48% since the June 12 public debut

News Editor

2026-08-27 18:39:41

DoorDash has delivered stronger stock performance than SpaceX since the rocket company began public trading on June 12 at $150 per share, according to Protos. Over that stretch, SpaceX fell 6% while DoorDash gained 42%, leaving a 48% performance gap between the two names. Protos also noted that several restaurant stocks beat SpaceX over the same period, including Texas Roadhouse, Flanigan’s, and Cracker Barrel. The comparison looks worse for SpaceX when measured from its June 16 intraday peak of $225.64. From that high, the stock is down 37%, and Protos said the shares have moved lower ever since. DoorDash opened at $155.24 on June 12, while SpaceX started trading at $150, which was $15 above its formal IPO price. Protos said that, based on those levels, most investors who bought and held SpaceX since the IPO are sitting on unrealized losses, while only insiders who bought at $135 before the Nasdaq open could still be in unrealized profit. The report also compared quarterly results. DoorDash posted 970 million delivery orders, $33.1 billion in marketplace gross order value, $4.5 billion in revenue, $944 million in operating cash flow, and $742 million in free cash flow. SpaceX reported $7.8 billion in revenue, a $541 million loss, and $18.4 billion in capital expenditures.

DoorDash has outperformed SpaceX by 48% since June 12, the date SpaceX began public trading at $150 per share, according to Protos. Over the same period, SpaceX has fallen 6%, while DoorDash has gained 42%.

DoorDash has outperformed SpaceX by 48% since the June 12 public debut 2

Protos said that, based on current stock prices, buying restaurant stocks would have worked better than buying SpaceX on the Nasdaq. The report listed Texas Roadhouse as outperforming by 13%, Flanigan’s by 35%, and Cracker Barrel by 12%.

SpaceX is down 37% from its June 16 intraday high

The drop looks sharper from SpaceX’s peak. Protos said the stock has declined 37% since June 16, when it reached an intraday high of $225.64. The report described the performance since then as down-only.

DoorDash opened at $155.24 per share on June 12. SpaceX began trading at $150, or $15 above its formal IPO price. Protos said that almost everyone who bought SpaceX and held the position through today is sitting on unrealized losses. At this point, the report added, only insiders who bought at $135 per share before the Nasdaq open could still show an unrealized gain on a position held since the IPO.

Quarterly results show very different numbers

Both companies reported quarterly results during the comparison period, but the figures were very different.

DoorDash has outperformed SpaceX by 48% since the June 12 public debut 3

Earlier this month, DoorDash reported 970 million delivery orders for the quarter, $33.1 billion in marketplace gross order value, and $4.5 billion in revenue. Even after adjusting for a Deliveroo acquisition, orders grew 17% and revenue grew 24%. The company also generated $944 million in operating cash flow and $742 million in free cash flow.

SpaceX filed its own quarterly results this month. Revenue reached $7.8 billion, but the company posted a $541 million loss. It also disclosed $18.4 billion in capital expenditures.

$10,000 investment comparison

As of the morning of the report, $10,000 invested in DoorDash at the June 12 open would be worth about $14,200. The same amount invested in SpaceX would be worth roughly $9,400.

The article was first published by Protos under the headline “DoorDash has outperformed SpaceX by 48% since IPO.”

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