SpaceX (SPCX) Stock Rises After 24 Starlink Satellites Launched From Vandenberg Base

TLDR

• SpaceX stock rose 1% to $134.65 in premarket trading Wednesday after closing Tuesday down 3.9%
• SpaceX launched 24 Starlink satellites from Vandenberg Space Force Base, its 51st West Coast flight this year
• Starlink accounts for nearly 70% of SpaceX’s total revenue, generating $4.29 billion in Q2 2026
• Q2 revenue hit $7.81 billion, up 91.9% year over year, beating earnings estimates
• An insider share unlock on Aug. 21 could make roughly $42.5 billion of stock eligible for sale

SpaceX (SPCX) stock climbed 1% to $134.65 in premarket trading Wednesday, recovering some ground after Tuesday’s 3.9% drop to $133.29. The stock was originally priced at $135 when it began trading on June 12.

Space Exploration Technologies Corp., SPCX

The premarket bounce followed SpaceX’s launch of 24 Starlink satellites to low-Earth orbit from Vandenberg Space Force Base on Tuesday night. It was the company’s 51st West Coast launch so far this year.

Starlink remains the core of SpaceX’s business, accounting for close to 70% of total revenue. The satellite division brought in $4.29 billion in Q2 2026 alone.

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