Starlink’s consumer roster is also improving. SpaceX reported 12 million subscriber service lines as of June 30, double the 6 million reported a year earlier, although average monthly revenue per subscriber fell to $66 from $85 as international expansion and cheaper plans shifted the consumer mix.

The organizational reshuffle comes as SpaceX races to expand its lucrative Colossus data centers in Memphis.

SpaceX (NASDAQ:SPCX | SPCX Price Prediction) stock rose 2% to $149.02 during the afternoon session after the company reported that its Starship vehicle reached orbit and deployed satellites for the first time.

Reaching orbit for the first time was a major milestone for Starship, but the road to commercial viability remains long.

After the satellites were away, SpaceX controllers opted to bring the Starship back to Earth well ahead of schedule, ending the mission three hours after launch with a Pacific Ocean splashdown north of Hawaii.

The recent Starship launch helps SpaceX with a number of priorities that could help its stock reach $900 over the long run, an analyst says SpaceX on Monday delivered to orbit its first "meaningful payload," or 26 Starlink satellites. Numerous analysts ...

SpaceX has cleared the last regulatory hurdle standing between Starship and its first trip to orbit. The Federal Aviation Administration issued the launch license for Starship Flight 14 late Saturday, keeping the mission on track for liftoff Monday, September 28, from Pad 2 at Starbase, Texas.