Get Quartz in your inbox

Free daily briefing on global business news.

SpaceX stock climbed back above its IPO price after a fresh Starlink satellite launch

CEO Elon Musk held an all-hands meeting where he outlined AI ambitions and cited 22 million Starlink mobile subscribers

Ethan Swope / Bloomberg via Getty Images

SpaceX stock surged 11% on Wednesday to $148.44, recovering above its June IPO price of $135 after CEO Elon Musk held an all-hands meeting with employees and the company launched 24 Starlink satellites into low-Earth orbit from Vandenberg Space Force Base.

Before Wednesday's rebound, SpaceX stock had ended Tuesday at $133.29, a 3.9% decline, and had originally been priced at $135 when it debuted on June 12, according to Barron's.

During Tuesday's employee........

© Quartz