SPCX Stock Climbs Above $175 as SpaceX Value Tops $2.3 Trillion
SpaceX’s SPCX shares traded above $175 on October 6, lifting its estimated value beyond $2.3 trillion as investors assess Starlink growth and AI spending.
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SpaceX’s SPCX shares traded above $175 on October 6, lifting its estimated value beyond $2.3 trillion as investors assess Starlink growth and AI spending.
SpaceX rises nearly 6% as its estimated valuation reaches $2.22 trillion, with Morgan Stanley maintaining a $300 target ahead of the next Starship test.
Starship’s orbital debut strengthens the case for SpaceX’s launch and satellite businesses, although Citi’s long-term valuation scenario depends on much wider commercial deployment.
SpaceX shares fell to a new all-time low of $110 as the post-IPO selloff continued, leaving the stock nearly 50% below its peak despite growing buying interest from ETFs.
SpaceX introduced the third generation of its Starship system featuring upgraded Raptor 3 engines and a redesigned launch architecture, while pre-IPO pricing on Hyperliquid fell 7%.