SpaceX Corp (NASDAQ:SPCX)'s Starlink's new mobile push has put pressure on mobile operators like AT&T Inc (NYSE:T, XETRA:SOBA), T-Mobile US Inc (NASDAQ:TMUS, XETRA:TM5) and Verizon Communications Inc (NYSE:VZ, XETRA:BAC). The US aerospace company is moving closer to challenging America's biggest wireless carriers after agreeing to acquire nationwide mobile spectrum for Starlink Mobile.
AT&T stock plunged by over 7% in the premarket session as investors dumped most telecommunications companies after SpaceX announced an agreement to purchase spectrum in the United States. It tumbled to $23, down by 13.3% from its highest point in September this year.
A nationwide spectrum purchase by SpaceX (NASDAQ:SPCX | SPCX Price Prediction) is reshaping the competitive map for U.S. wireless, and the established carriers are taking the hit. SpaceX stock is at $166.
Though SpaceX (NASDAQ: SPCX) executed its initial public offering (IPO) at a record valuation of $1.77 trillion, it nonetheless managed to grow even larger to over $2.1 trillion by press time on October 9, 2026.
President Donald Trump purchased up to $5 million in SpaceX (NASDAQ: SPCX) bonds just two days before signing a major order to accelerate the U.S. commercial space industry.
In spite of the fact that Space Exploration Technologies Corp. (NASDAQ: SPCX) stock rebounded in the pre-market session on October 9, 2026, amid rumors of a possible $40 billion debt financing plan to scale up its artificial intelligence (AI) data centers, Barclays PLC (LSE: BARC) expects a bull run to a new all-time high (ATH) over the next 12 months
SpaceX founder Elon Musk on Thursday took a shot at Indian billionaire Mukesh Ambani, as his company's Starlink service fails to take off in the country. Musk's comments elicited a response from India's leader of the opposition, Rahul Gandhi, who has consistently charged the Indian government of working in the interests of select businessmen.
SpaceX plans to purchase Grain Management's 800 MHz spectrum portfolio in a move to bolster its mobile ambitions. The news is lifting cell-tower stocks.
Elon Musk's space company is buying spectrum licenses to help build a mobile network to compete with telecom giants.
SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile
SpaceX SPCX stock fell 2.5% Thursday as investors looked ahead to another major lockup expiration that could increase the supply of shares available for trading. Up to 328.4 million shares are scheduled to become eligible for sale on October 9, giving existing shareholders the option to cash out.
Amid the latest bullish alert for Space Exploration Technologies Corp. (NASDAQ: SPCX) stock, Wall Street analysts have signaled potential further upside for SpaceX over the next 12 months, as the company accelerates its artificial intelligence (AI) infrastructure.