SpaceX (SPCX) shares traded near $150 on September 11, 2026, with a roughly $2.0–2.03 trillion market capitalization after recovering from post-IPO volatility that saw the stock peak above $225 before falling toward $105. Recent momentum stems primarily from multiple large AI compute agreements announced in recent weeks, including a new deal adding more than $13 billion in annualized revenue, which analysts at William Blair and Oppenheimer cited as strengthening the path to a $100 billion annual recurring revenue run rate by year-end. These developments have supported upward price-target revisions averaging near $220–227, even as the company faces staggered share unlocks totaling hundreds of millions of shares beginning September 9. High forward multiples and ongoing capital intensity remain key variables for weekly closing levels.