SpaceX shares (SPCX) currently trade near $149 following their June 2026 IPO at $135 and a peak above $225, reflecting a market capitalization around $2 trillion amid 92% year-over-year revenue growth to $7.8 billion in the second quarter driven by Starlink subscriber expansion and new AI infrastructure contracts with Anthropic and Alphabet. Persistent volatility stems from successive share lockup releases increasing float, while the company’s unprofitable status and elevated valuation multiples remain sensitive to execution on Starship development and launch cadence. The pending first orbital Starship flight attempt, scheduled as early as September 28, alongside ongoing Falcon missions and potential regulatory or contract milestones, represent near-term catalysts likely to influence price action through the end of October. Trader positioning in related prediction markets aggregates real capital commitments around these operational and macroeconomic factors.