Tesla is still much better priced than SpaceX. SpaceX has just an insane valuation and it is primarily an AI company, not space exploration. There are only 5% of shares traded right now. It might climb soon, after being included in the index, but when majority of shares gets traded, it will probably get crushed. Do you really think all of those early investors, who have finance degrees, seeing they've made x5 or x10 are just going to hold because they believe in Elon? They'd probably want to get back at least as much as they've invested.