Elon Musk revealed that SpaceX might acquire an established telecom company to utilize its spectrum ten times more effectively, though no specific target was named. SpaceX already owns significant spectrum licenses and plans to close on more by mid-2027, potentially challenging major US carriers like T-Mobile, Verizon, and AT&T. However, the deal faces hurdles including massive costs, regulatory approvals, and inheriting debt and infrastructure. Investors are watching closely for the 800 MHz spectrum closing and any formal filings that could signal a real acquisition move.
As of Nov 08, 2026 01:41 WIB, SpaceX shares on Pluang have risen sharply by 8.62% to USD 134.27, reflecting strong investor interest possibly linked to its telecom ambitions. Meanwhile, major US carriers like T-Mobile and Verizon show more modest moves, with T-Mobile up 0.88% at USD 162.01 and Verizon down 0.93% at USD 45.69. Notably, SpaceX's market cap stands at $1.82 trillion, dwarfing the telecom giants it aims to challenge.
At the Baron Investment Conference, billionaire Ron Baron estimated Elon Musk's Terafab chip venture could cost $1 trillion over time, a figure Musk did not dispute. Terafab aims to produce a terawatt of AI chips annually, vastly exceeding current gl...
AST SpaceMobile announced plans to develop its own reusable rocket, Blacklift, powered by Firefly Aerospace engines, targeting launches starting in late 2028. This move aims to reduce dependence on SpaceX and other launch providers but involves signi...
Donald Harrison, Google's president of global partnerships, resigned from SpaceX's board after nearly 12 years, leaving Alphabet without a direct board seat despite increasing its SpaceX stake. The departure comes as Alphabet expands its commercial t...
Alphabet increased its holdings in SpaceX to 555 million shares valued at $83.7 billion as of September 2026, making it its largest equity position despite a decline in value due to share price changes. The move coincides with SpaceX's strong Q3 reve...
Don Harrison, a longtime Google executive and SpaceX board member, has resigned from SpaceX's board. The resignation was not due to any disagreement with the company, and SpaceX thanked him for his dedicated service. Alphabet, Google's parent company...
