SpaceX (SPCX) closed at $158.96 on October 2 after a 7.35% rally driven by Starship Flight 14's orbital success and first revenue-generating Starlink V3 deployment, alongside a record triple-launch day that underscored operational momentum. The stock, which listed in June at $135, now trades near a $2.1–2.2 trillion market cap with forward P/S multiples around 47x amid analyst consensus targets averaging $218–226. Key near-term influences include Q3 results expected soon, potential AI compute leasing revenue ramp toward $14 billion in 2026, ongoing Starlink scaling, and remaining lock-up releases that could affect supply. Elevated valuation leaves limited room for execution shortfalls despite strong launch cadence and growth projections.