SpaceX (SPCX) closed at $162.57 on October 9 after a 1.25% gain, with a roughly $2.2 trillion market cap amid ongoing share unlocks valued near $51 billion and a planned larger release post-Q3. Traders are focused on the stock’s sensitivity to AI-driven capex, including a $40 billion debt package under discussion to fund Nvidia chip purchases, alongside Starlink’s competitive pressure on telecom names and recent successful Falcon 9 launches for the Space Development Agency. High trailing P/S multiples near 90x contrast with bullish analyst targets such as Morgan Stanley’s $300, while heavy investment spending and negative free cash flow keep sentiment tied to revenue growth trajectories and any Starship test updates near term.