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SpaceX (NASDAQ:SPCX) has surged 50% since its June 12 IPO to $201.80 while Dogecoin (CRYPTO: DOGE) is trading flat, exposing the clearest evidence yet that the Elon Musk effect on DOGE is dead.
SPCX Has Real Revenue, DOGE Has Tweets
SpaceX priced at $135, opened at $150, and hit an all-time high of $225.64 on June 16.
The company posted $18.7 billion in revenue in 2025, holds 12 million Starlink subscribers across 160 countries, and just announced a $60 billion acquisition of Cursor, the AI coding tool running at $4 billion in annual recurring revenue.
Combined with compute deals with Google and Anthropic, SpaceX’s projected 2026 revenue run rate reaches an estimated $55 billion.
DOGE’s response to Musk becoming the world’s first trillionaire was a 7.6% intraday …
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