SPCX vs RTX: SpaceX vs Raytheon Stock Comparison: AI Score, Valuation, Performance and Upside
SpaceX is a commercial space disruptor building the world's leading satellite broadband network and orbital launch platform, while Raytheon is a diversified defense and aerospace contractor supplying missiles, engines, and avionics to governments worldwide. SPCX offers growth from commercial space and broadband; RTX offers defense backlog durability and commercial aerospace recovery.
SPCX vs RTX is commercial space disruption and satellite broadband growth versus a defense contractor with strong missile and engine backlogs — SpaceX wins if Starlink and Starship transform the economics of space; RTX wins if sustained defense spending drives missile and aftermarket engine demand.
SPCX and RTX are closely matched — they split the tracked metrics evenly. Analyst consensus implies meaningfully more upside for SPCX (+74.66%) than for RTX (+9.80%).
- →want exposure to Starlink satellite broadband and commercial launch dominance
- →believe Starship will create entirely new commercial space markets at lower cost
- →are comfortable with high post-IPO valuation and long growth runways
- →prefer growth-oriented space infrastructure over defense contractor economics
- →prefer government defense contracts with multi-year backlog visibility
- →value Pratt & Whitney's commercial aerospace aftermarket as a recurring revenue stream
- →want defense exposure to NATO rearmament and air defense demand
- →are comfortable with defense budget cycles and near-term Pratt & Whitney remediation costs
| Metric | SPCX | RTX |
|---|---|---|
| AI score | N/A | 52.8 |
| AI rank | N/A | #352 |
| Latest close | $138.68 | $196.39 |
| 1M return | -13.84% | +7.01% |
| 6M return | N/A | +4.19% |
| 1Y return | N/A | +33.72% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | SPCX | RTX |
|---|---|---|
| 1Y ago | $8.62K (-13.8%) started 2026-06-12 | $13.16K (+31.6%) started 2025-07-14 |
| 5Y ago | $8.62K (-13.8%) started 2026-06-12 | $27.75K (+177.5%) started 2021-07-14 |
| 10Y ago | $8.62K (-13.8%) started 2026-06-12 | $46.18K (+361.8%) started 2016-07-14 |
Hypothetical — past performance does not guarantee future results.
| Metric | SPCX | RTX |
|---|---|---|
| Market cap | $1.83T | $263.86B |
| Trailing P/E | N/A | 36.76 |
| Forward P/E | 160.00 | 25.84 |
| Price/Sales | 94.66 | 2.27 |
| EV/Revenue | 42.52 | 3.29 |
| Analyst target | $242.22 | $215.14 |
| Target upside | +74.66% | +9.80% |
| Metric | SPCX | RTX |
|---|---|---|
| Revenue growth | 15.40% | 8.70% |
| Earnings growth | N/A | 32.50% |
| EPS growth | N/A | +32.50% |
| FCF margin | N/A | +8.00% |
| Operating margin | N/A | 13.18% |
| Profit margin | -45.00% | 8.03% |
| ROIC proxy | N/A | 11.57% |
| Return on equity | N/A | 11.57% |
| Dividend yield | 0.00% | 1.49% |
| Beta | 5.79 | 0.30 |
| Debt/equity | 73.60 | 57.23 |
| Current ratio | 1.22 | 1.02 |
| Quick ratio | 1.09 | 0.65 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | SPCX | RTX |
|---|---|---|---|
| 1Y | Growth | -13.84% | +31.56% |
| CAGR | -81.73% | +31.71% | |
| Sharpe ratio | -1.07 | 1.05 | |
| Max drawdown | 34.40% | 19.32% | |
| Max daily drop | 16.43% | 4.40% | |
| Max wkly drop | 26.89% | 11.45% | |
| 5Y | Growth | -13.84% | +152.86% |
| CAGR | -81.73% | +20.40% | |
| Sharpe ratio | -1.07 | 0.71 | |
| Max drawdown | 34.40% | 32.84% | |
| Max daily drop | 16.43% | 10.22% | |
| Max wkly drop | 26.89% | 12.34% | |
| 10Y | Growth | -13.84% | +266.05% |
| CAGR | -81.73% | +13.86% | |
| Sharpe ratio | -1.07 | 0.45 | |
| Max drawdown | 34.40% | 51.98% | |
| Max daily drop | 16.43% | 14.48% | |
| Max wkly drop | 26.89% | 26.15% |
| Category | SPCX | RTX |
|---|---|---|
| Company | Space Exploration Technologies Corp. (SpaceX) | RTX Corporation |
| Sector | Aerospace & Defense | Industrials |
| Industry | N/A | Aerospace & Defense |
| Core business | Rocket launch services (Falcon 9, Falcon Heavy, Starship), Starlink global satellite broadband with 7,000+ satellites, spacecraft manufacturing (Dragon, Starship), and government contracts (NASA, DoD). SpaceX dominates commercial orbital launch with over 90% market share. | Defense and aerospace products including missile systems (Raytheon), jet engines (Pratt & Whitney), avionics, and radar. Raytheon's Patriot missiles, AIM-120 AMRAAMs, and hypersonic programs are core to US and allied defense. |
| Investor focus | Starlink subscriber growth and ARPU, Starship development progress and commercial viability, launch cadence and market share, Starlink's potential to serve enterprise and government broadband markets. | Pratt & Whitney GTF engine aftermarket recovery, missile and air defense demand from NATO and global allies, defense budget trends, and Raytheon's hypersonic and directed energy program pipeline. |
- →Starlink is the world's largest and most capable LEO broadband constellation with 7,000+ satellites and millions of subscribers
- →Falcon 9 reusability has driven launch costs to a fraction of legacy competitors, giving SpaceX dominant commercial launch market share
- →Starship represents a generational leap in launch economics that could enable entirely new markets including point-to-point cargo and lunar transport
- →Missile and air defense backlog at multi-decade highs driven by Ukraine conflict and NATO rearmament
- →Pratt & Whitney engine aftermarket is a multi-decade recurring revenue stream as the installed base of GTF-powered aircraft grows
- →Raytheon is a critical supplier for US and allied missile defense systems with long program lifecycles and high switching costs
- →Starship development schedule uncertainty — regulatory and technical delays push revenue timelines
- →Post-IPO valuation expectations are extremely high, pricing in decades of growth
- →Starlink ARPU pressure if LEO broadband market becomes more competitive
- →Pratt & Whitney GTF engine powder metal recall and inspection costs created significant near-term headwinds
- →Defense budget uncertainty if US fiscal consolidation reduces near-term procurement
- →Pratt & Whitney commercial aerospace recovery depends on airline capex cycles
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