SpaceX's post-IPO trading range through September 2026 positioned its equity value near $2 trillion, with the stock closing September 30 around $152–155 per share on roughly 13.57 billion shares outstanding after the Cursor acquisition. Strong Q2 revenue growth of 92% to $7.81 billion, led by $4.29 billion in connectivity and surging AI-compute rentals to Google and Anthropic, combined with Starship Flight 14's orbital success and Starlink V3 deployments in late September, reinforced trader confidence in the $2.00–2.25 trillion bin. Recent analyst notes, including Morgan Stanley's $300 target citing growth-adjusted multiples below mega-cap AI peers, further supported the 72.7% implied probability amid ongoing capital expenditure and upcoming Q3 results.