SpaceX (SPCX) closed at $148.68 on September 25, 2026, after trading in a $146–$149.67 range amid elevated volume. The stock has stabilized near post-IPO levels following a sharp summer decline from $225 highs, supported by Q2 revenue of $7.8 billion (up 92% year-over-year) driven by AI compute contracts and Starlink subscriber growth, alongside a $100 billion cash position from the June IPO and $25 billion bond issuance. Heavy AI-related capital expenditures of $15.8 billion and ongoing lockup expirations continue to pressure sentiment, while government launch awards and analyst targets near $222 provide longer-term support. The week of September 28 features a potential Starship Flight 14 commercial mission and broader tech-sector flows as key near-term catalysts for price action.