SpaceX (SPCX) shares closed at $158.96 on October 2 after a 7.35% rally on heavy volume, driven by a record triple-launch day that included the Crew-13 mission to the ISS, a 130-payload Transporter-18 rideshare, and a Falcon Heavy NROL-97 flight, alongside Starship Flight 14 reaching orbit and deploying 26 V3 Starlink satellites. The stock, which IPO’d at $135 in June at roughly a $1.8 trillion valuation and peaked near $226, trades at about a 104x trailing sales multiple amid $7.8 billion Q2 revenue (up 92% YoY) and heavy AI-related capex. Analysts maintain a Moderate Buy consensus with average 12-month targets near $219–235, reflecting Starlink scaling and AI compute leasing expectations. Key near-term catalysts include additional October launches, potential Starship progress, and the November earnings release.