SpaceX (SPCX) shares have traded near $168–172 in early October 2026 after surging on Morgan Stanley’s reaffirmation of a $300 price target, which highlighted the AI computing segment’s underappreciated contribution relative to the company’s roughly $2.3 trillion market capitalization. Q2 results showed revenue of $7.81 billion, up 92% year-over-year, with connectivity (Starlink) at $4.29 billion and the AI unit expanding rapidly; the stock has since pulled back modestly amid reports of potential $40 billion debt financing for Nvidia chips. Traders are focused on late-October catalysts, including third-quarter earnings and the next Starship flight, which could shift near-term momentum and implied probabilities around end-of-month closing levels.