SpaceX (SPCX) trades near its $135 June 2026 IPO price at approximately $134 per share as of early November, equating to an $1.82 trillion market cap on 13.58 billion shares, after peaking above $225 amid post-listing volatility. Q3 2026 results showed revenue surging 161% year-over-year to $14.6 billion with net income of $4.4 billion, supporting Musk's forecasts for $100 billion annualized recurring revenue by year-end 2026 and far higher run rates in 2027 tied to AI compute expansion and Starlink growth. These gains contrast with heavy Q4 capex guidance of $35–40 billion, widening credit default swaps, and analyst fair-value estimates ranging from $70 to $500, reflecting debate over multiples near 40 times forward sales versus execution on Terafab and potential Tesla merger catalysts. Recent midterm-driven AI sector pressure and institutional flows have driven short-term sentiment.