SpaceX (SPCX) shares closed the week of October 12 near $148–150 after trading as high as $163 mid-week, reflecting ongoing volatility following the June 2026 IPO at $135 that initially valued the company near $1.8 trillion. Heavy capital expenditures on AI infrastructure, including a reported $40 billion debt raise to fund Nvidia chip purchases and the xAI merger, continue to pressure near-term profitability despite Starlink’s subscriber growth and revenue expansion above $18 billion annualized. Analyst targets remain wide, with Morgan Stanley at $300 citing AI upside while others flag elevated multiples near 40–50x forward sales. Recent spectrum acquisitions for direct-to-device connectivity and Elon Musk’s long-term valuation commentary have supported sentiment, yet lock-up expirations and macroeconomic rate sensitivity keep weekly closes sensitive to order flow and any fresh launch or regulatory updates.