TradingKey – SpaceX (SPCX) published second-quarter results with profits on all key metrics, but the stock is still in consolidation after the initial explosive breakout. Revenue grew 92% to $7.814 billion. Starlink added 1.7 million net subscribers for a total of 12 million users (double the previous year’s total). The company’s adjusted EBITDA was $3.54 billion with positive free cash flow of $1.22 billion, establishing Starlink has a profitable business. The $16.8 billion acquisition of Terafab by SpaceX and Tesla and an upgrade to Buy by Argus Research are additional catalysts. 

SPCX has pulled back to $133.37 from its peak of $138.63 to test the support at $130.63, and the consolidation is continuation of the velocity ship…