By midmorning Eastern time, SpaceX stock, trading under the ticker SPCX, stood at $122.58, up $7.66 or 6.67 percent. Second-quarter revenue reached $7.81 billion, up 92 percent from $4.07 billion a year earlier and ahead of analyst expectations. The Connectivity segment, driven primarily by the Starlink satellite broadband service, generated $4.29 billion in revenue and $1.66 billion in operating income. SpaceX ended the quarter with approximately $100 billion in cash, cash equivalents and marketable securities and a backlog of $47.5 billion. Trading volume on the days surrounding the lockup and earnings has been substantial, reflecting active institutional and retail participation.