BUZZ-SpaceX shares rise as it reaches agreement to acquire nationwide low-frequency spectrum portfolio
路透社2026/10/09 08:36October 9th - SpaceX (SPCX.O) shares rose 3.8% in pre-market trading to $166.70. The company has reached an agreement to acquire nationwide low-frequency spectrum in order to challenge U.S. wireless carriers, according to The Wall Street Journal. SpaceX will pay about $8 billion to Grain Management for related assets, acquiring radio waves that can travel long distances and penetrate dense structures such as walls. The financial terms of the deal have not yet been disclosed. The acquisition is expected to strengthen the "direct-to-device" service of Starlink Mobile and reduce reliance on traditional base stations. The deal intensifies the competition between satellite communications and cellular networks, increasing the challenges facing existing wireless carriers. The transaction is still subject to approval by the U.S. Federal Communications Commission. As of the close of the previous trading day, SPCX shares had risen more than 18% from the IPO price of $135.
October 9 - ** SpaceX (SPCX.O) shares rose 3.8% in pre-market trading to $166.70
** The company (link) has reached an agreement to acquire nationwide low-frequency spectrum in order to challenge US wireless carriers
** According to The Wall Street Journal, SpaceX will pay Grain Management approximately $8 billion to acquire relevant assets, thus obtaining radio waves capable of long-distance transmission and penetrating dense structures such as walls
** The financial terms of the agreement have not yet been disclosed by both parties
** This acquisition is expected to enhance Starlink Mobile's "direct-to-device" service and reduce reliance on traditional base stations
** The deal intensifies the competition between satellite communications and cellular networks, making the challenges faced by existing wireless carriers even more severe
** The transaction is still subject to approval by the US Federal Communications Commission
** As of the previous trading day's close, SPCX shares had risen more than 18% compared to the IPO issue price of $135
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