GgoogleFR first seen 12 h ago, last 11 h ago, peak #2

SpaceX Rises After $8 Billion Spectrum Acquisition

Original: spacex

Shares linked to SpaceX reportedly rose to $164 in after-hours trading following the company's $8 billion acquisition of wireless spectrum from EchoStar. Analysts say the deal opens the door for SpaceX to offer direct-to-mobile satellite communications, expanding beyond its core launch and Starlink broadband businesses and putting it in potential competition with mobile carriers.

Why now: Investors are reacting to the $8 billion spectrum purchase, which significantly expands SpaceX's mobile communications ambitions.

SpaceXEchoStarElon MuskStarlink

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Rank over time, top of the chart is #1. 2 snapshots from 12 h ago to 11 h ago.

Evidence

• SpaceX just officially announced two massive milestones for Starlink Mobile · investingLive
• SpaceX Stock Price Forecast: SPCX Rises to $164 After Hours as $8 Billion Spectrum Acquisition Opens Mobile Communications Market · TradingKey

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API: https://socialmediatrends-api.osmike.com/v1/trends/1571130