SpaceX Plans $40B AI Chip Buy, FCC Clears 15K-Satellite Network
SPCX sits 61% above its 52-week low of $104.83.
Summary
SpaceX disclosed $38.4B in total debt as of June 30, up from $22B at year-end, and is seeking about $40B to buy Nvidia AI chips—roughly $10B in bank loans and $30B in investment-grade debt led by Apollo, targeting a 2027 close. The FCC also cleared its 15,000-satellite direct-to-cell network using EchoStar spectrum, a major regulatory milestone. Starship Flight 15 is planned for late October–early November, following Flight 14's LEO launch and 26 Starlink V3 deployments. This comes after Q2 revenue of $7.8B (up 92% YoY) and a massive AI capex cycle of $18.4B in Q2. The debt load and chip financing signal aggressive expansion, while the FCC approval removes a key hurdle for the direct-to-cell service.
Updates
· Wiseek News — FCC approval covers a 15,000-satellite Starlink Mobile fleet to link phones directly to satellites; FCC may propose spectrum rules and a 25 MHz auction affecting D2D services.
At the time of this announcement, SPCX was trading at $168.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.3T. 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 8 out of 10. Source: Wiseek News.