SpaceX or Nvidia stock? Here’s where I’ve got my money

SpaceX (NASDAQ:SPCX) and Nvidia (NASDAQ:NVDA) are two of the most innovative companies on earth. And after the former went public yesterday (12 June) at a massive valuation, they’re also among the world’s largest firms.

The great thing about the stock market though is that you don’t necessarily have to choose. Alphabet or Microsoft? Visa or Mastercard? Lloyds or Barclays? There’s nothing stopping investors buying all of these shares for a portfolio.

But looking at SpaceX and Nvidia today, which do I prefer for the next couple of years? Let’s find out.

How do they make money?

I’m sure everyone is familiar with both companies. But for those unsure how each makes money, Nvidia’s largest division is Data Centre, which provides the massive computational power required for AI services and machine learning.

Meanwhile, most of SpaceX’s revenue comes from rocket launches and Starlink, its satellite mega-constellation that provides high-speed, low-latency internet access worldwide. But it now has a third division after the acquisition of xAI, Elon Musk’s AI start-up.

Which is growing faster?

While both are high-growth companies, there’s only one winner here today. That’s Nvidia, which grew revenue by an astonishing 85% to $81.6bn in its last quarter. Operating profit skyrocketed 147% to…