SpaceX (SPCX) Stock at $159 After a 7% Friday: Bull $235,…
By Tobi Opeyemi Amure
AI summary of the source article
SpaceX shares gained 7.35 percent on Friday, 2 October 2026, closing at $158.96 on 119.1 million shares. The surge followed three launches completed in less than 13 hours—including Crew-13, Transporter-18, and NROL-97—as well as Starship's first orbital flight earlier in the week. TD Cowen initiated coverage with a Buy rating and a $200 target, projecting $14.4 billion in AI compute leasing revenue for 2026. Analysts note that bullish valuations rely heavily on reported AI compute contracts with Alphabet and Anthropic, which together could bring in roughly $2.2 billion monthly, surpassing launch services revenue.
Why it matters
Analyst valuation models indicate that SpaceX's future revenue growth and price targets now lean predominantly on AI compute leasing deals rather than traditional rocket launch operations.
Key facts
- SpaceX stock rose 7.35 percent to close at $158.96 on 119.1 million shares.
- The company completed three launches in under 13 hours following Starship's first orbital flight.
- TD Cowen initiated coverage at Buy with a $200 target, projecting $14.4 billion in 2026 AI compute leasing revenue.