NEW YORK — Shares of Space Exploration Technologies Corp. rose 6.92% to $142.52 in midday trading Wednesday, gaining $9.23, as the company completed another successful Starlink satellite launch and investors continued to digest its recent recovery above the initial public offering price.

The Nasdaq-listed stock, trading under the ticker SPCX, has shown volatility since its June debut. SpaceX priced its initial public offering at $135 per share on June 12, raising approximately $75 billion to $85.7 billion in what ranked as the largest IPO in history and valuing the company near $1.8 trillion on a fully diluted basis. Shares opened higher, climbed as high as $225.64 in the following days, then declined sharply in subsequent weeks, touching an intraday low near $104.83 in early August before rebounding.

The latest advance comes after SpaceX launched 24 Starlink broadband satellites from Vandenberg Space Force Base in California. The company has maintained a rapid launch cadence to expand its constellation. Starlink has been a primary growth driver, with the service reaching millions of subscribers across more than 160 countries.

SpaceX reported second-quarter results showing revenue of $7.81 billion, up 92% from the prior year and ahead........

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