SPCX vs. TSM: Space Exploration vs. TSMC Stock Comparison
How do Space Exploration (SPCX) and TSMC (TSM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Space Exploration (SPCX) is classified in the Communication Services sector (Telecommunication Services), whereas TSMC (TSM) belongs to Information Technology (Semiconductors & Semiconductor Equipment) — their GICS classifications point to very different parts of the market.
TSMC (TSM) has been public since October 9, 1997, giving it decades of market history across multiple cycles, while Space Exploration (SPCX) listed only on June 12, 2026 and lacks comparable through-cycle data.
Space Exploration (SPCX) trades as ordinary local shares, while TSMC (TSM) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | SPCX | TSM |
|---|---|---|
| Name | Space Exploration Technologies Corp. Class A | Taiwan Semiconductor Manufacturing Co. Ltd. ADR |
| Country/Region | United States | Taiwan |
| GICS Sector | Communication Services | Information Technology |
| GICS Industry Group | Telecommunication Services | Semiconductors & Semiconductor Equipment |
| GICS Industry | Diversified Telecommunication Services | Semiconductors & Semiconductor Equipment |
| GICS Sub-Industry | Alternative Carriers | Semiconductors |
| Market Capitalization | 2,250.94 billion USD | 2,476.90 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | June 12, 2026 | October 9, 1997 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Performance Metrics
| Metric | SPCX | TSM |
|---|---|---|
| Total Return (1Y) | -- | 113.19% |
Risk Profile
Drawdown History
Risk Metrics
| Metric | SPCX | TSM |
|---|---|---|
| Volatility (1Y, Annualized) | 151.39% | 38.56% |
| Beta (5Y) | -- | 1.36 |
| Avg. Volume (3M) | 183.11M | 13.75M |
Risk-Adjusted Performance
Risk-Return Positioning
Both SPCX and TSM need 1-year volatility and 1-year return to plot risk-return positioning.
Profitability
ROE (TTM)
Capital efficiency shows on one side only: TSMC (TSM) earns 36.21% on shareholders’ equity, ranked against its industry; Space Exploration (SPCX) has no ROE this period.
SPCX
Telecommunication Services industry group
--
- Max
- 43.27%
- Q3
- 17.95%
- Median
- 6.68%
- Q1
- -7.45%
- Min
- -37.75%
- SPCX
- --
TSM
Semiconductors & Semiconductor Equipment industry group
36.21%
- Max
- 39.69%
- TSM
- 36.21%
- Q3
- 16.53%
- Median
- 6.57%
- Q1
- -4.74%
- Min
- -35.15%
Net Margin (TTM)
Space Exploration (SPCX) reports a negative net margin of -45.00%, usually indicating a net loss over the period. Meanwhile TSMC (TSM) reports 46.51%, ranking against industry peers normally.
SPCX
Telecommunication Services industry group
-45.00%
- Max
- 41.74%
- Q3
- 12.36%
- Median
- 5.02%
- Q1
- -11.20%
- SPCX
- -45.00%
- Min
- -45.00%
TSM
Semiconductors & Semiconductor Equipment industry group
46.51%
- Max
- 55.91%
- TSM
- 46.51%
- Q3
- 21.03%
- Median
- 7.10%
- Q1
- -3.31%
- Min
- -32.92%
Operating Margin (TTM)
Space Exploration (SPCX) reports a negative operating margin of -41.63%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile TSMC (TSM) reports 58.11%, ranking against industry peers normally.
SPCX
Telecommunication Services industry group
-41.63%
- Max
- 35.60%
- Q3
- 21.32%
- Median
- 12.69%
- Q1
- 4.41%
- Min
- -8.71%
- SPCX
- -41.63%
TSM
Semiconductors & Semiconductor Equipment industry group
58.11%
- Max
- 61.85%
- TSM
- 58.11%
- Q3
- 20.61%
- Median
- 9.68%
- Q1
- -8.08%
- Min
- -46.64%
Profitability Metrics
| Metric | SPCX | TSM |
|---|---|---|
| ROE (TTM) | -- | 36.21% |
| ROA (TTM) | -- | 17.32% |
| Net Margin (TTM) | -45.00% | 46.51% |
| Operating Margin (TTM) | -41.63% | 58.11% |
| Gross Margin (TTM) | 48.83% | 61.87% |
Growth
Revenue Growth
Revenue Growth Metrics
| Metric | SPCX | TSM |
|---|---|---|
| Revenue Growth (YoY) | 33.24% | 31.61% |
| Revenue Growth (3Y CAGR) | -- | 18.94% |
EPS Growth
EPS Growth Metrics
| Metric | SPCX | TSM |
|---|---|---|
| EPS Growth (YoY) | -25,600.00% | 46.41% |
| EPS Growth (3Y CAGR) | -- | 19.12% |
Financial Strength
Current Ratio (MRQ)
Both Space Exploration (SPCX) at 1.22 and TSMC (TSM) at 2.49 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
SPCX
Telecommunication Services industry group
1.22
- Max
- 2.39
- Q3
- 1.66
- SPCX
- 1.22
- Median
- 1.11
- Q1
- 0.92
- Min
- 0.25
TSM
Semiconductors & Semiconductor Equipment industry group
2.49
- Max
- 11.30
- Q3
- 6.05
- Median
- 3.30
- TSM
- 2.49
- Q1
- 2.37
- Min
- 0.51
Debt / Equity (MRQ)
Both Space Exploration (SPCX) at 0.74 and TSMC (TSM) at 0.18 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
SPCX
Telecommunication Services industry group
0.74
- Max
- 3.82
- Q3
- 2.05
- Median
- 1.00
- SPCX
- 0.74
- Q1
- 0.66
- Min
- 0.00
TSM
Semiconductors & Semiconductor Equipment industry group
0.18
- Max
- 1.44
- Q3
- 0.63
- Median
- 0.23
- TSM
- 0.18
- Q1
- 0.04
- Min
- 0.00
Financial Strength Metrics
| Metric | SPCX | TSM |
|---|---|---|
| Current Ratio (MRQ) | 1.22 | 2.49 |
| Debt / Equity (MRQ) | 0.74 | 0.18 |
| Net Debt / EBITDA | 1.75 | -0.80 |
Dividends
Dividend Yield (TTM)
Space Exploration (SPCX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile TSMC (TSM) reports a yield of 5.27%, ranking against industry peers normally.
SPCX
Telecommunication Services industry group
0.00%
- Max
- 11.69%
- Q3
- 5.53%
- SPCX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TSM
Semiconductors & Semiconductor Equipment industry group
5.27%
- TSM
- 5.27%
- Max
- 0.51%
- Q3
- 0.22%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Space Exploration (SPCX) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile TSMC (TSM) reports a payout of 27.93%, ranking against industry peers normally.
SPCX
Telecommunication Services industry group
0.00%
- Max
- 128.57%
- Q3
- 60.13%
- Median
- 7.71%
- SPCX
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TSM
Semiconductors & Semiconductor Equipment industry group
27.93%
- Max
- 47.82%
- TSM
- 27.93%
- Q3
- 19.71%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | SPCX | TSM |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 5.27% |
| Dividend Payout Ratio (TTM) | 0.00% | 27.93% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: TSMC (TSM) trades at 41.49 times trailing earnings, ranked against its peers, while Space Exploration (SPCX) has no P/E ratio this period.
SPCX
Telecommunication Services industry group
--
- Max
- 31.00
- Q3
- 22.27
- Median
- 14.76
- Q1
- 8.29
- Min
- 2.58
- SPCX
- --
TSM
Semiconductors & Semiconductor Equipment industry group
41.49
- Max
- 322.01
- Q3
- 161.17
- Median
- 80.74
- Q1
- 49.56
- TSM
- 41.49
- Min
- 12.00
P/S Ratio (TTM)
TSMC (TSM) at 0.60 sits in the cheaper P/S ratio quartile while Space Exploration (SPCX) at 116.62 prices above its industry range — a wide gap in sales valuation between them.
SPCX
Telecommunication Services industry group
116.62
- SPCX
- 116.62
- Max
- 3.38
- Q3
- 2.32
- Median
- 0.81
- Q1
- 0.37
- Min
- 0.00
TSM
Semiconductors & Semiconductor Equipment industry group
0.60
- Max
- 49.18
- Q3
- 23.18
- Median
- 11.17
- Q1
- 4.37
- TSM
- 0.60
- Min
- 0.01
P/B Ratio (MRQ)
Measured against book value, both Space Exploration (SPCX) at 28.69 and TSMC (TSM) at 107.29 look expensive — each P/B ratio sits above its industry’s benchmark range.
SPCX
Telecommunication Services industry group
28.69
- SPCX
- 28.69
- Max
- 7.42
- Q3
- 3.66
- Median
- 1.62
- Q1
- 0.75
- Min
- 0.01
TSM
Semiconductors & Semiconductor Equipment industry group
107.29
- TSM
- 107.29
- Max
- 28.28
- Q3
- 14.62
- Median
- 8.49
- Q1
- 4.67
- Min
- 0.21
Valuation Metrics
| Metric | SPCX | TSM |
|---|---|---|
| P/E Ratio (TTM) | -- | 41.49 |
| P/S Ratio (TTM) | 116.62 | 0.60 |
| P/B Ratio (MRQ) | 28.69 | 107.29 |
| Free Cash Flow Yield (TTM) | -- | 29.03% |