SpaceX Regains $150 IPO Open Price as Defense Dept. Confirms Space-Based Weapons

Quick Read SPCX surged 5.1% to $151, reclaiming its IPO open price after the Pentagon confirmed on-orbit space weapons tied to SpaceX's $6B+ Starshield contracts. RTX, Lockheed Martin, and Northrop Grumman all sit inside the $17.9B Golden Dome supply chain, making the Pentagon confirmation a sector-wide catalyst. SpaceX's Q2 revenue beat estimates by 15% at $7.81B, Starlink subscribers doubled to 12M, and enterprise revenue jumped 108% year over year. Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor) Shares of SpaceX (NASDAQ:SPCX) are up 5.1% in mid-morning trading Wednesday, changing hands at $151 after opening near $143.