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SpaceX (NASDAQ: SPCX) stock price surged by 7.35% on October 2 to close trading at $158. These gains pushed the stock to its highest price in nearly three
Elon Musk's space transportation company is loaded with potential, but its sky-high valuation leaves little room for upside in the near term.
SpaceX shares have regained momentum above $150 following fresh Wall Street coverage, but the recovery faces a higher hurdle as an enormous valuation, upcoming share unlocks and the execution demands of Starship raise the stakes.