SpaceX (SPCX) shares, which debuted via June 2026 IPO at $135 and briefly exceeded $225, have traded in the $140–143 range through late August amid post-listing volatility, with recent closes near $141.45 reflecting a roughly $1.9 trillion market cap on TTM revenue approaching $23 billion. Traders are weighing accelerating Starlink and AI infrastructure contributions—now the dominant revenue drivers at elevated multiples—against heavy capex, ongoing net losses, and an imminent September lock-up tranche that could pressure supply. Recent launches, the $60 billion Cursor acquisition, and the announced $100 billion Louisiana Starbase site underscore execution momentum, while consensus price targets cluster near $220, leaving August highs sensitive to any earnings or sentiment shifts before month-end resolution.