SpaceX Becomes a Mobile Carrier in 2027? Crypto Punters Weigh Odds as Elon Musk Calls Spectrum Deal the ‘Last Critical Piece’ of the Puzzle

SpaceX (SPCX) plans to acquire 800 MHz spectrum licenses for $8B to expand Starlink into mobile phone markets. Pivotal Research raised its price target to $230, implying 55% upside. SPCX has a high P/S ratio of 171.9x and a GF Score of 15/100, indicating growth potential but profitability challenges. Insiders sold $53.7M, while institutional investors added shares.

On October 8, 2026, ARK Invest sold 29,048 shares of SpaceX (SPCX) for $4.7M before a spectrum deal announcement. SpaceX rose 1.25% the next day, while T-Mobile (TMUS), AT&T (T), and Verizon (VZ) fell sharply. SpaceX's $2.21T valuation assumes success in its phone business, with FCC approval being a key test.

SpaceX (SPCE) agreed to buy Grain Management's 800 MHz spectrum for $6B, pending FCC approval. Elon Musk stated SpaceX could be worth more than the $118T global economy. AT&T (T), Verizon (VZ), and T-Mobile (TMUS) shares fell 10-13% on the news. Analysts expect SpaceX's revenue to quadruple by 2028, reaching $200B, but debt concerns remain.

SpaceX (SPCX) acquired $8B in wireless spectrum, enhancing Starlink Mobile's competition with U.S. carriers. Evercore ISI sees this as a step toward standalone mobile service, maintaining a Buy rating and $230 target. JPMorgan notes long-term threat but limited immediate impact due to infrastructure needs. SpaceX plans next-gen satellites for 2027-2028, aiming for 5G-quality service.

SpaceX (SPCE) plans to acquire an $8B low-band spectrum portfolio from Grain Management, pending FCC approval. The deal aims to enhance Starlink's phone coverage, potentially threatening traditional telecoms like Verizon, AT&T, and T-Mobile. Starlink has 12M subscribers and could improve indoor performance for mobile services, though full competition may take years. Analysts expect minimal impact on telecoms until 2029.

T-Mobile US (TMUS) shares dropped 13% to $149, the worst one-day decline since 2013, following SpaceX's deal to buy 800 MHz spectrum licenses. The acquisition, pending FCC approval, could make SpaceX a competitor in wireless services, also affecting peers AT&T (T) and Verizon (VZ), which fell 11% and 10% respectively.