Should You Buy SpaceX Stock in October?

SpaceX has expanded significantly beyond rockets into AI infrastructure, with major compute contracts worth billions annually from companies like Reflection AI, Google, and Anthropic. Recent milestones include Starship reaching orbit and successful launch cadences. However, at a $2 trillion valuation, the stock may already reflect this growth. The author recommends dollar-cost averaging rather than chasing momentum ahead of Q3 earnings, as the company needs to demonstrate these contracts are translating into actual revenue and improved economics.