SpaceX (SPCX) closed the prior week near $146 amid broader market volatility before its October 20 Q3 earnings release drove after-hours gains above $155. Revenue surged 161% year-over-year to $14.6 billion, fueled by Starlink connectivity growth, the first revenue-generating Starship mission, and $6.7 billion in incremental AI infrastructure and cloud deals, while the company posted a $4.4 billion net profit versus a prior-year loss. This turnaround from Q2 operating losses highlighted margin expansion in high-margin segments. Traders are monitoring launch cadence, including upcoming Falcon missions, Starship flight tests, and analyst price targets averaging above $220, against a December lockup expiration that could pressure supply. The earnings beat and AI momentum represent the dominant near-term driver for weekly closing levels.