SpaceX (SPCX) shares have traded near $148–$153 in mid-to-late September 2026 after the June IPO at $135, supported by 92% year-over-year revenue growth to $7.8 billion in Q2, driven by Starlink subscriber expansion to 12 million and surging AI infrastructure contracts. Heavy capital expenditures of $18.4 billion, largely in AI, alongside ongoing net losses reflect aggressive scaling, while multiple lockup releases—including tranches on October 9 and 24—introduce potential supply pressure. Trader focus centers on whether sustained Connectivity and AI momentum can offset dilution risks and maintain the stock above key thresholds by month-end amid broader market volatility.