Space Exploration Technologies (NASDAQ: SPCX) closed at $133.11 on August 7, surging 15.83% as investors reacted to a blowout earnings report, easing lockup concerns, and a major semiconductor facility update. Trading volume hit 236.7 million shares, approximately 91% above the stock’s three-month average of 124.0 million shares, signaling unusually intense investor interest. SpaceX posted second-quarter revenue of $7.81 billion, a 92% year-over-year increase that significantly exceeded analyst expectations of $6.93 billion. Starlink’s performance was a clear standout, with Connectivity segment revenue climbing 66% year-over-year and operating income surging 79% in the quarter. Despite the stock’s strong performance this week, SPCX has still fallen approximately 17% since its 2026 IPO, underscoring the volatility that has characterized the stock since it began trading publicly.