SpaceX (SPCX) shares have traded near $138–148 through late October 2026 after the company’s June IPO at $135, with market capitalization hovering around $2 trillion. The dominant driver of recent sentiment is the October 20 Q3 earnings release, which delivered $14.58 billion in revenue—15% above consensus—led by an $7.56 billion Super Intelligence segment that surpassed Starlink’s $5.25 billion connectivity revenue, alongside $4.4 billion in net income and 1.7 GW of compute capacity. Management guided Q1 2027 revenue of $33–37 billion and an annualized run rate approaching $100 billion by year-end, supported by Starship Flight 14’s first revenue-generating payload and further launches planned before December. Traders are also monitoring the company’s $35–40 billion Q4 capex target, potential Tesla merger committee discussions, and volatility around analyst price targets ranging from $70 to $500.