Recent analyst coverage has anchored trader sentiment around SpaceX (SPCX) share prices in the $160–$170 range for the week of October 5. Morgan Stanley’s October 5 note reiterated an Overweight rating and $300 target, labeling shares “cheap and getting cheaper” on a growth-adjusted basis while highlighting AI compute upside, Starship catalysts, and neocloud contracts. This triggered a sharp rally, with the stock closing October 5 at $171.09—its highest since June—before easing to the $160s amid broader valuation debates. Contrasting views from Aswath Damodaran and Morningstar, which peg fair value nearer $100 or below, underscore the contested fundamentals. Third-quarter results expected later in October and Starship Flight 15 remain near-term swing factors influencing weekly closes.