SpaceX (SPCX) shares, which debuted in June 2026 near $1.8 trillion valuation after the record IPO at $135 per share, have traded around $148–$155 amid post-lockup volatility and sector rotation. Q2 results showed 92% revenue growth to $7.8 billion, driven by Starlink subscriber expansion and new AI compute contracts totaling over $14 billion in backlog, though heavy capital spending on Starship and terrestrial infrastructure pressured margins. The primary near-term catalyst is Starship Flight 14, now targeted for September 28 from Starbase as the first planned orbital mission carrying production V3 satellites, with regulatory approval still pending. Traders are monitoring launch cadence, AI revenue visibility, and broader equity sentiment for any week-of-September 28 price moves.