SpaceX (SPCX) shares have traded near $160–$171 amid strong momentum from Morgan Stanley’s reaffirmed $300 price target and a $8 billion low-band spectrum acquisition that positions Starlink Mobile to compete directly with U.S. carriers. Starlink connectivity revenue reached $4.3 billion in Q2 2026 with subscriber growth doubling year-over-year to 12 million, supporting operating margins near 39% and funding AI infrastructure expansion. Traders are also monitoring an Oct. 9 insider lock-up release of up to several hundred million shares alongside reports of potential $40 billion debt financing for Nvidia chips. These developments frame near-term price action around execution on mobile spectrum approvals, revenue trajectory, and supply dynamics rather than broader macroeconomic shifts.