**SpaceX (SPCX) closed at $171.09 on October 5, 2026, up 7.63% that session and marking its highest level since July, for an equity value near $2.3 trillion.** The surge followed Morgan Stanley’s reaffirmation of an Overweight rating and $300 price target, with analysts describing the shares as “cheap and getting cheaper” relative to growth prospects in Starlink, Starship, and AI compute. Recent operational momentum—including a successful NASA crewed mission, Starlink V3 expansions, and multi-billion-dollar AI and defense contracts—has supported sentiment. The company remains unprofitable amid elevated capex, with Q3 results and the next Starship test flight expected as near-term catalysts that could influence weekly closing levels.