SpaceX’s public shares, trading near $163 as of mid-October 2026 after its June IPO at $135, currently imply a market capitalization of roughly $2.15–2.22 trillion depending on the share count used. Recent volatility, including a three-day slide that erased more than $600 billion in value amid the company’s first investment-grade bond offering to fund AI data-center expansion and Nvidia chip purchases, has kept near-term price action centered in the $2.0–2.25 trillion range. Continued Starlink deployments and launch cadence provide steady operational momentum, yet elevated multiples near 99 times trailing sales and heavy capital commitments introduce downside risk. With resolution less than three weeks away, trader-implied odds favor outcomes above $2 trillion, reflecting the latest equity trading levels rather than longer-term growth projections.