SpaceX shares need a break above $192.55 to reopen a run at the $225.61 record high

A technical analyst said SpaceX (SPCX) would need to hold decisively above $192.55 to confirm the end of the near-term weakness and reestablish a path back to the record high of $225.61. The stock is trading around $185 and remains within a descending channel. Key support levels are seen at $172.11 and $157.56. The view is based on a 10-minute chart and focuses on short-term trading structure rather than fundamentals or macro developments.