SpaceX’s market cap currently trades near $1.95–2.0 trillion following its June 2026 IPO, with the stock fluctuating between roughly $144 and $150 in late October amid elevated multiples on forward revenue. Third-quarter results delivered 161% year-over-year revenue growth to $14.58 billion, driven by Starlink connectivity expansion to 13.6 million subscribers and accelerating AI/data-center contributions, though net losses persisted. A $40 billion GPU financing commitment announced October 26 bolstered near-term compute capacity while highlighting execution risks at current valuations exceeding 40 times trailing sales. With only one month until resolution, the tight spread across the $1.50–2.25 trillion bands in trader-implied odds reflects uncertainty over short-term price momentum, upcoming subscriber metrics, and broader tech-sector sentiment rather than any single catalyst.