SpaceX rises after Musk cites Starlink growth and Falcon milestones

SpaceX shares rose on Wednesday after Elon Musk told employees that Starlink had surpassed 13 million consumer subscribers and about 22 million monthly Starlink Mobile users through 36 mobile network operator partnerships spanning 167 markets. Musk also said Falcon 9 and Falcon Heavy have deployed more than 90% of the mass placed into orbit worldwide and that the Falcon program is on track for its 700th launch by September, reinforcing the scale of SpaceX's reusable-launch and satellite-connectivity businesses. Gate market data had earlier shown an intraday gain of 8.5%, while Benzinga Pro later cited SPCX up 8.36% at $144.43 after two Tuesday launches sent 53 more Starlink satellites into low Earth orbit.

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