Space Exploration Technologies Corp (NASDAQ:SPCX) shares are trading higher on Wednesday.

CEO Elon Musk told employees the company's Starlink service has passed 13 million consumer subscribers and 22 million monthly Starlink Mobile users.

SpaceX stock is surging to new heights today.

Why are SPCX shares rallying?

Musk Highlights Starlink Momentum In an employee meeting shared on social media by SpaceX late Tuesday, Musk said Starlink now serves more than 13 million consumer subscribers.