Key Stats for SpaceX Stock
- Price change for SpaceX stock in last 1 month: 9%
- $SPCX Stock Price as of Oct. 8: $161
- 52-Week High: $226
- $SPCX Stock Price Target: $225
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What Happened?
SpaceX (SPCX) said on Thursday that it will buy a nationwide spectrum portfolio from Grain Management. The deal covers up to 14 megahertz of paired spectrum in the 800 MHz band. It still needs FCC approval.
SpaceX says this low-band spectrum fills a key gap for Starlink Mobile. The goal is to become a major mobile carrier in the U.S. Elon Musk called it a “very big deal” on X.
AT&T, Verizon and T-Mobile all fell in extended trading.
The timing matters. Last week, those three carriers formed a joint venture to expand satellite coverage in underserved areas, leaving Starlink out.
T-Mobile has also dropped Starlink from its T-Satellite promotions.
Regulators are making moves too.
This week, the FCC said it would vote on auctioning 25 megahertz of prime spectrum for satellite-to-phone services.
On Oct. 29, it will vote on opening up another 482 MHz. Both proposals could help SpaceX.
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What the Market Is Telling Us About SpaceX Stock
Telecom investors seem to see SpaceX as a real rival now, not a partner. SpaceX stock rose about 2.3% in extended trading after falling 4% during the regular session.
Still, industry expert Tim Farrar says the amount of spectrum is limited. He says SpaceX would need ground towers to get reliable coverage inside buildings in cities.
Starlink is what makes this bet possible. In Q2, the connectivity business made $1.66 billion in operating income on $4.29 billion in revenue.
It is the company’s only profitable segment so far. The space and AI units are still losing money.
Deutsche Bank recommends buying SpaceX stock. It estimates Starlink had 13.5 million subscribers at the end of September, including 4.1 million in the U.S.
On the Q2 call, Gwynne Shotwell said AT&T, Verizon and T-Mobile together bring in roughly $600 billion a year.
She expects Starlink to win many of their customers. SpaceX plans to start mobile service at the end of next year.
For now, SpaceX stock is trading on how fast it can turn spectrum into real customers.
SpaceX didn’t say when the new services could launch if regulators approve the deal.
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So what is SpaceX stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
