SpaceX acquires nationwide low‑band 800 MHz spectrum to complete Starlink Mobile network
Space Exploration Technologies Corp announced an agreement to buy Grain Management’s nationwide low‑band spectrum portfolio covering up to 14 MHz in the 800 MHz band. The acquisition is intended to give Starlink Mobile the “last critical piece” needed for full‑cellular coverage in the United States and still requires FCC approval. The deal sparked a pre‑market rally in SPCX shares and prompted analysts to raise price targets.
Why it matters
Goldman Sachs lifted its price target to $230 and Morgan Stanley to $300, both maintaining Buy ratings, suggesting upside potential for investors. The spectrum purchase positions SpaceX to compete directly with the Big Three U.S. carriers, which could translate into future revenue growth if the FCC clears the transaction.
Key facts
- 1SpaceX agreed to acquire 100% of Grain Management’s nationwide low‑band spectrum portfolio covering up to 14 MHz in the 800 MHz band. financial-news.co.uk
- 2SpaceX’s most recent 10‑Q showed a net loss of $541 million for Q2 2026, narrower than the $1.008 billion loss a year earlier. financial-news.co.uk
- 3Diluted loss per share for Q2 2026 was $0.09, compared with $0.34 in the prior‑year period. financial-news.co.uk
- 4FINRA’s daily short‑sale ratio for SPCX rose to 0.621 on 8 October 2026. financial-news.co.uk
- 5SPCX closed at $164.30 on the day of the announcement, up 1.68%. financial-news.co.uk
- 6Pre‑market trading on 9 October 2026 showed SPCX at $167.60, up 3.8% from the prior close of $160.57. investing.com
Summary written by AlphAI from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.