SpaceX (SPCX) shares closed October 5 at $171.09 after surging 7.63% on Morgan Stanley’s reiterated Overweight rating and $300 price target, which highlighted the stock’s discounted valuation relative to AI peers once growth-adjusted metrics are applied. The move reflects trader focus on the company’s dual engines of Starlink revenue expansion and AI infrastructure scaling, against a backdrop of elevated capital spending and ongoing unprofitability. With the weekly close still days away, market-implied odds cluster tightly between $170–$180 as participants weigh potential follow-through momentum versus volatility from share unlocks and macroeconomic rate sensitivity. Upcoming Q3 earnings and the next Starship flight represent key near-term catalysts that could shift the distribution of closing-price probabilities.