SpaceX closed at $147.95 on September 4, up 18% over 30 days and above its $135 IPO price, as the shares approached their $150 first-day trading level and attempted to reclaim a $2 trillion valuation, approximately 2,702 trillion won. The stock previously fell as low as $104.83 during its brief public trading period; an earlier report placed the post-earnings low at $108.27. Among 41 analysts, the median 12-month target is $216, implying 46% upside, while the mean target is $221.20 and the consensus recommendation is Moderate Buy. Estimates range from $75 to $800. SpaceX reported second-quarter revenue of $7.81 billion, up 91.9% year over year, while EPS of negative $0.09 beat the consensus loss estimate by $0.17. The company remained unprofitable, recording a $541 million net deficit compared with $1 billion a year earlier. Quarterly spending totaled $18.4 billion, including $15.8 billion for AI infrastructure. Bond Capital Management established a $180.6 million position representing 59.2% of its portfolio, while other firms also initiated holdings. SpaceX has computing agreements with Alphabet and Anthropic that are projected to generate $26 billion in annual revenue, and it plans to deploy more than 1 million satellites as orbital data centers beginning in 2028. The stock remains exposed to phased lockup releases involving 4.6 billion employee and early-investor shares. The latest update identifies September 9 as a key unlock date, while earlier scheduling details cited September 10 and September 25 releases, followed by additional unlocks after third-quarter earnings in November and into early December. Investors are also watching a possible mid-September Starship Test 14 launch, while analysts remain divided over capital intensity, unproven technologies and potential selling pressure.