SpaceX shares (SPCX) have traded near $152–$156 this week after closing above $160 earlier in October, with a market capitalization around $2 trillion following the June IPO at $135. The primary driver of recent sentiment has been the company’s acquisition of low-band spectrum licenses, positioning Starlink for expanded direct-to-cell mobile service and pressuring traditional telecom valuations. Strong Q2 revenue growth of 92 percent, led by Starlink subscriber gains, and a Morgan Stanley $300 price target—citing attractive growth-adjusted multiples versus peers—have supported the rebound from August lows near $105. Ongoing Falcon launches and Starship progress add operational momentum, while broader sector funding exceeded $20 billion in Q3. Traders are monitoring spectrum regulatory clearance and any near-term launch or earnings updates for shifts in implied probabilities.