SpaceX Buys 800 MHz Spectrum to Wire Starlink Mobile Into Ground Networks
SPCX sits 41% above its 52-week low of $104.83.
Summary
SpaceX agreed to buy Grain Management's nationwide 800 MHz wireless spectrum, a direct move to build out Starlink Mobile by tying satellite service into terrestrial mobile networks. The deal gives SpaceX scarce licensed airwaves it needs to offer phone service without relying solely on partner carriers. Ron Baron separately pitched a $14-15 trillion valuation within a decade, based on 300 million-plus Starlink users and roughly $1 trillion in annual revenue. That is a long-horizon projection, not a near-term number, but it lands as SpaceX is spending heavily on AI and connectivity capex after its first post-IPO quarter.
At the time of this announcement, SPCX was trading at $148.21 on NASDAQ in the Technology sector, with a market capitalization of approximately $2T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.