SpaceX (SPCX) shares have stabilized near $148–149 following the June 2026 IPO at $135 and subsequent volatility that saw peaks above $225, with the current ~$2.0 trillion market cap reflecting roughly 110–120 times trailing revenue amid heavy AI-related capex. Trader sentiment for the week of September 28 remains dispersed across narrow ranges because near-term resolution hinges on Starship Flight 14’s first orbital attempt—targeted around September 28 with 26 V3 Starlink satellites—and ongoing Falcon 9 cadence that supports Starlink’s subscriber growth. Success could reinforce growth narratives and lift the multiple, while any delay or setback risks renewed pressure on the high valuation; analyst price targets cluster well above current levels, yet execution risk and sector competition keep implied probabilities evenly balanced.