Key Highlights
- SpaceX (SPCX) shares surge 4.10% to reach $167.15 during Friday’s pre-market session.
- Investment firms Apollo and PIMCO reportedly discussing SpaceX’s substantial chip financing proposal.
- Company’s wireless spectrum purchase aims to enhance Starlink Mobile network nationwide.
- Proposed $40 billion funding round targets Nvidia processor acquisition for AI infrastructure growth.
- Legacy telecom providers AT&T, T-Mobile, and Verizon experience stock declines amid SpaceX spectrum news.
Shares of Space Exploration Technologies Corp. (SPCX) advanced 4.10% to $167.15 during Friday’s pre-market hours, adding $6.58 following Thursday’s 4.19% drop. The upward movement came after news emerged regarding a massive $40 billion financing package for Nvidia chips alongside a strategic wireless spectrum purchase. These parallel initiatives underscore SpaceX’s aggressive push into AI computing infrastructure and mobile telecommunications.
Space Exploration Technologies Corp., SPCX
Company Secures Wireless Spectrum to Expand Starlink Mobile Footprint
On Thursday, SpaceX disclosed a deal to purchase nationwide low-band wireless spectrum licenses from Grain Management. The transaction encompasses up to 14 megahertz of paired spectrum operating within the 800 MHz frequency range. As a result, the aerospace firm anticipates significant improvements to Starlink Mobile network coverage throughout the country.
These lower-frequency bands offer superior building penetration and obstacle resistance compared to higher-frequency alternatives. SpaceX intends to merge satellite-based connectivity with ground-based infrastructure, creating comprehensive mobile service coverage. The deal remains contingent upon Federal Communications Commission regulatory approval before finalization.
Traditional U.S. telecommunications providers faced immediate market consequences during Thursday’s after-hours trading. AT&T stock tumbled 5.7%, T-Mobile shares slid 5.9%, and Verizon dropped 5.3%. The selloff reflected investor concerns about intensified competition from SpaceX’s entry into domestic mobile markets.
Public Markets Entry Fuels Rapid Infrastructure Expansion
Following its June 2026 initial public offering that generated roughly $86 billion, SpaceX has aggressively pursued financing opportunities and satellite network expansion. The company’s strategic focus now extends well beyond its core rocket launch services and commercial space transport operations.
Regulatory authorities have granted authorization for 15,000 advanced Starlink Mobile satellites engineered to enable direct device-to-satellite communications. This planned constellation would integrate with the recently acquired spectrum assets and current satellite network. Combined, these resources could deliver connectivity solutions spanning remote rural regions and high-density urban centers.
The company confronts considerable capital requirements as its computing and wireless projects scale up. The Nvidia financing arrangement continues under negotiation, while the spectrum purchase awaits final regulatory authorization. Both transactions represent major components of SpaceX’s long-term infrastructure investment strategy.
Company Pursues $40 Billion Financing for AI Chip Procurement
SpaceX is currently in discussions with banking institutions and investment management firms to arrange $40 billion in funding for Nvidia artificial intelligence chips. According to Reuters, the financing structure under consideration would blend roughly $10 billion in traditional bank lending with $30 billion in investment-grade bonds. The capital would address the company’s expanding computational infrastructure needs.
PIMCO has been approached by SpaceX regarding potential participation in the financing package. Apollo Global Management may serve as lead arranger, coordinating debt distribution among participating financial institutions. Neither company has issued official statements confirming the proposed deal terms.
This funding initiative aligns with Musk’s broader ambitions to scale computing resources across his artificial intelligence ventures. His xAI operation targets more than doubling its Nvidia chip deployment at the Colossus 2 data center by year-end. Morgan Stanley projects that AI infrastructure development will demand $1.5 trillion in external capital by 2028.
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