SpaceX (SPCX) shares traded in a declining range during the week of October 12, 2026, closing at $163.42 on the 12th before falling to $148.62 by October 15 amid elevated volume. The stock has retreated roughly 35% from its June 2026 IPO peak near $225 while holding a roughly $2 trillion market capitalization, supported by 38 analysts maintaining a consensus “Buy” rating and a $221 average price target. Operational momentum remains intact with multiple successful Falcon 9 missions, including Starlink deployments, a NASA cargo resupply to the ISS, and a classified U.S. Space Force payload, underscoring launch cadence and Starlink revenue growth. Upcoming catalysts include the November 17 earnings release and continued Starship development milestones that could influence valuation multiples.