SpaceX (SPCX) shares closed October 12 at $163.42 after trading in a $160.85–$167.07 range, reflecting ongoing volatility since the June IPO at $135. The primary near-term driver is the company’s inaugural bond issuance to fund AI infrastructure and data-center expansion, which has amplified concerns over elevated valuations near 75 times sales amid quarterly net losses exceeding $500 million. Bullish analyst targets reach $300 on Starlink subscriber growth and Starship potential, while skeptics cite fair-value estimates as low as $62–$100 given heavy capex and limited near-term profitability. Traders are watching the November 3 earnings release and any further debt or AI contract updates for resolution signals on weekly closing levels.