SPCX vs VSAT Stock Comparison: AI Score, Valuation, Performance and Upside
SpaceX is evaluated as the dominant, well-capitalized leader in launch and low-earth-orbit broadband, while Viasat is assessed as a legacy geostationary satellite operator carrying elevated debt and facing direct competitive pressure from Starlink itself. The comparison highlights an industry leader against an incumbent under competitive and balance-sheet strain.
Use this comparison to weigh SpaceX's scale and growth against Viasat's turnaround-dependent profile as it competes directly with SpaceX's own Starlink business.
SPCX holds the edge across 2 of 5 key metrics in this comparison. On fundamentals, SPCX is growing revenue faster (91.90%), while VSAT maintains the higher operating margin (4.44%) — a classic growth-versus-profitability split. Analyst consensus implies similar upside for both: +52.57% for SPCX and +50.80% for VSAT.
- Want exposure to the dominant satellite broadband and launch provider
- Believe Starlink's growth trajectory will continue pressuring legacy satellite operators
- Are comfortable paying a premium valuation for market leadership
- See long-term value in vertically integrated space infrastructure
- Are willing to bet on a leveraged turnaround story at a depressed valuation
- Believe Viasat's aviation and government niches can defend against Starlink competition
- Want exposure to combined Viasat-Inmarsat global coverage assets
- Can tolerate higher balance sheet and execution risk
| Metric | SPCX | VSAT |
|---|---|---|
| AI score | N/A | 28.2 |
| AI rank | N/A | #2344 |
| Latest close | $143.69 | $67.27 |
| 1M return | +32.59% | -12.56% |
| 6M return | N/A | +46.94% |
| 1Y return | N/A | +108.07% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | SPCX | VSAT |
|---|---|---|
| 1Y ago | $8.93K (-10.7%) started 2026-06-12 | $21.69K (+116.9%) started 2025-09-02 |
| 5Y ago | $8.93K (-10.7%) started 2026-06-12 | $13.03K (+30.3%) started 2021-08-31 |
| 10Y ago | $8.93K (-10.7%) started 2026-06-12 | $8.96K (-10.4%) started 2016-08-31 |
Hypothetical — past performance does not guarantee future results.
| Metric | SPCX | VSAT |
|---|---|---|
| Market cap | $1.89T | $9.27B |
| Trailing P/E | N/A | N/A |
| Forward P/E | 89.72 | 403.61 |
| Price/Sales | 82.19 | 2.00 |
| EV/Revenue | 159.27 | 3.15 |
| Analyst target | $219.22 | $101.44 |
| Target upside | +52.57% | +50.80% |
| Metric | SPCX | VSAT |
|---|---|---|
| Revenue growth | 91.90% | -1.20% |
| Earnings growth | N/A | N/A |
| EPS growth | N/A | N/A |
| FCF margin | N/A | +5.41% |
| Operating margin | -1.80% | 4.44% |
| Profit margin | -35.66% | -0.64% |
| ROIC proxy | N/A | 0.19% |
| Return on equity | N/A | 0.19% |
| Dividend yield | 0.00% | 0.00% |
| Beta | 5.77 | 1.73 |
| Debt/equity | 31.21 | 146.81 |
| Current ratio | 5.12 | 1.68 |
| Quick ratio | 4.95 | 1.34 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | SPCX | VSAT |
|---|---|---|---|
| 1Y | Growth | -10.72% | +116.86% |
| CAGR | -40.42% | +117.90% | |
| Sharpe ratio | -0.11 | 1.30 | |
| Max drawdown | 48.78% | 30.79% | |
| Max daily drop | 16.43% | 13.21% | |
| Max wkly drop | 26.89% | 19.01% | |
| 5Y | Growth | -10.72% | +30.27% |
| CAGR | -40.42% | +5.43% | |
| Sharpe ratio | -0.11 | 0.39 | |
| Max drawdown | 48.78% | 89.81% | |
| Max daily drop | 16.43% | 28.48% | |
| Max wkly drop | 26.89% | 31.00% | |
| 10Y | Growth | -10.72% | -10.35% |
| CAGR | -40.42% | -1.09% | |
| Sharpe ratio | -0.11 | 0.22 | |
| Max drawdown | 48.78% | 92.75% | |
| Max daily drop | 16.43% | 28.48% | |
| Max wkly drop | 26.89% | 37.81% |
| Category | SPCX | VSAT |
|---|---|---|
| Company | SpaceX | Viasat, Inc. |
| Sector | Aerospace & Space Technology | Satellite Communications |
| Industry | N/A | N/A |
| Core business | SpaceX builds and launches reusable rockets and operates the Starlink satellite internet constellation, alongside Starship development for deep-space missions. | Viasat provides satellite and terrestrial broadband, in-flight connectivity, and government communications services using a mix of geostationary satellites and the acquired Inmarsat network. |
| Investor focus | Investors focus on Starlink subscriber growth, launch cadence and reusability economics, and progress toward Starship's commercial viability. | Investors track debt reduction progress after the Inmarsat acquisition, in-flight connectivity contract wins, and competitive pressure from low-earth-orbit entrants like Starlink. |
- Dominant share of global commercial launch capacity
- Starlink is the largest satellite broadband network with recurring subscription revenue
- Vertically integrated manufacturing lowering per-launch cost versus competitors
- Broad service portfolio spanning consumer, aviation, maritime, and government markets
- Combined Viasat-Inmarsat network provides global coverage and scale
- Established relationships with airlines and government agencies
- Extremely high valuation following its record 2026 IPO
- Heavy capital intensity of Starship and next-generation launch systems
- Regulatory and geopolitical scrutiny of a dominant space infrastructure provider
- High leverage from the Inmarsat acquisition constraining financial flexibility
- Direct competitive threat from Starlink in broadband and in-flight connectivity
- Satellite launch and technical execution risk on next-generation spacecraft
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