SpaceX (SPCX) shares closed at $162.57 on October 9, 2026, after trading above $160 throughout the prior week on momentum from a key spectrum acquisition enabling nationwide phone coverage via Starlink and supportive analyst commentary, including Morgan Stanley’s $300 target. The stock’s 48% rebound since its August low reflects growing trader focus on Starlink subscriber growth and AI infrastructure potential, though post-IPO volatility and an October lock-up expiration releasing additional shares continue to weigh on near-term stability. With outcomes clustered tightly between $155–$170, market-implied odds capture uncertainty over whether recent gains hold amid mixed valuation debates—forward multiples near 40–70x sales versus revenue run rates exceeding $30 billion annualized—and any last-minute catalysts before the week’s close.