SpaceX (SPCX) shares opened the week of October 5 near $159 before surging 7.63% to close at $171.09 on October 5, extending gains to trade around $173–174 midday on October 6 amid heavy volume exceeding 70 million shares. The primary catalyst was Morgan Stanley’s October 5 reiteration of an Overweight rating and $300 price target, which framed the stock as undervalued on a growth-adjusted basis relative to AI peers, citing Starlink scaling, Starship progress, and potential AI compute leasing as key upside drivers. This follows Starship Flight 14’s late-September orbital success and first V3 satellite deployment, bolstering trader sentiment around execution milestones ahead of Flight 15. With a roughly $2.3 trillion market cap and 52-week range of $104.83–$225.64, near-term price action will likely hinge on momentum from these catalysts and any fresh institutional commentary.