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- Don't think Apple will own the universe 10 years from now
Apple introduced new smart home devices and accessories on Tuesday, but Yahoo Finance's Brian Sozzi is not convinced they will move Apple's top and bottom lines. The bigger risk he highlights is SpaceX's Starlink, which has acquired a nationwide low-band spectrum portfolio and could challenge the carrier subsidy model for new phones, while a Starlink device integrated with the Tesla and SpaceX ecosystem, including Grok, could become an end-to-end competitor. He says Meta and OpenAI could pose similar risks if their hardware efforts succeed. BFA analyst Wamsi Mohan estimates that a 10% shift of big three postpaid phone subscribers to SpaceX could cost Apple about 5 million units, or $6 billion in revenue.
- Elon Musk Says SpaceX Just Bought "the Last Critical Piece" Required to Take on the Wireless Giants. Here's Why It Will Need to Spend Billions More to Compete.
SpaceX has agreed to buy 14 MHz of paired spectrum licenses in the 800 MHz band from Grain Management for a reported $8 billion; these licenses were given up by T-Mobile in its Sprint merger. The spectrum suits long-distance coverage and building penetration, but its 14 MHz is less than one-third of Verizon's low-band holdings, so the article argues SpaceX would need much more spectrum and infrastructure to compete nationwide. The three major carriers recently formed a joint venture for satellite direct-to-device coverage, and their partnerships with SpaceX and AST SpaceMobile are noted. The article says the next FCC auction, scheduled for April, could raise prices for everyone and pressure the carriers' finances.
- EchoStar’s stock looks like a stealthy way to ride the SpaceX wave, J.P. Morgan says
- Inside India newsletter: Billionaire Ambani’s mega-IPO faces a valuation reality check amid Musk spat
Jio Platforms, the telecom and digital arm of billionaire Mukesh Ambani, has lowered its valuation ahead of next week's IPO, which will raise up to 302 billion rupees (nearly $3.2 billion) and values the company at around $108 billion, below the over $130 billion floated a year ago. Nomura said enterprise value has shrunk to $118 billion from the $133 billion previously expected, while the equity valuation sits below Bharti Airtel's market capitalization of over $117 billion. Jio positions itself as a tech company, but its monthly ARPU of 214 rupees ($2.25) trails Airtel's, and some experts say it lacks the product expertise to be treated as one. Jio plans to use IPO proceeds to repay 275 billion rupees of telecom debt, then fund green AI infrastructure and a low-earth-orbit satellite network, while Meta and Google, holding nearly 10% and 8%, are not exiting in the offering. The listing comes amid a spat with Elon Musk, who called Jio 'monopolistic' and blamed Ambani for delays to Starlink's launch in India.
- AST SpaceMobile’s stock is feeling the heat from SpaceX’s wireless plans
- The SpaceX threat could loom over AT&T’s stock for a prolonged stretch, analyst cautions
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- SpaceX Says It’s on Pace to Bring 200,000 Nvidia Chips Online a Month. Here’s Why Jensen Huang Calls GPU-Backed Loans “the Big Idea”
Nvidia (NVDA) closed at $221.97 on October 21, up 2.54%, a day after SpaceX said on its earnings call it expects to bring about 200,000 Nvidia GB300s online each month for the rest of the year. According to the Financial Times, SpaceX is seeking about $40 billion in loans and investment-grade debt to buy the chips, with Apollo expected to lead; a source told CNBC the deal would likely use the GPUs as collateral, though Bloomberg reports talks are early and could fail. Nvidia is both a supplier and a SpaceX shareholder, with a stake worth about $21 billion at the end of June. The article's main risk is financing: if rental rates fall, collateral value falls too, and Nvidia's free cash flow dropped to $21.40 billion in the July quarter from $48.59 billion the prior quarter.
- a16z Drops Crypto From Its Name, Widens Bets to AI and Frontier Tech
Andreessen Horowitz is renaming its crypto fund “a16z Frontier” and widening its mandate to AI and other long-horizon technologies, according to an email to newsletter subscribers. The firm says it will keep investing in crypto and advocating for sensible crypto regulation. Chris Dixon argues blockchains have faded into the background of products from Wall Street and fintech firms, so companies should be defined by what they do rather than the technology they use. He expects new “native use cases” to emerge, and sees crypto as a way for AI agents to pay each other. The new fund will be led by Dixon with Marc Andreessen, Ben Horowitz, Eddy Lazzarin and Guy Wuollet; the post gives no size for it, and the latest figure on record is the $2.2 billion announced in May.
- Dell Unveiled New AI Servers a Week After Barclays’ Downgrade. Here’s Where the Stock Could Go by 2031
Dell unveiled new AI Factory servers with NVIDIA at GTC Berlin on October 21, one week after Barclays downgraded the stock and cut its target to $574 from $603. Shares closed at $485.88, still below the $572.47 close of October 13. Barclays argues strong revenue mainly reflects memory costs passed on to customers, while CFO David Kennedy says new dense systems can replace 5 or 6 of those existing servers and supply will be tighter in 2027. Traditional servers and networking revenue rose 122% to $10.5 billion in the fiscal second quarter, and the AI server backlog stood at $95 billion as of July 31. TIKR's mid-case scenario puts the stock near $750 by January 31, 2031, about 54% higher, while Dell reports fiscal third-quarter results after the close on November 24.
- Elon Musk invests $1bn in CNN-owner Skydance
Elon Musk reportedly invested $1bn in Skydance, the newly formed company created through Paramount's $110bn takeover of Warner Bros, which owns CNN and CBS News, according to Semafor. Skydance carries net debt of roughly $80bn and is targeting $6bn in cost savings. The article says the investment repays a favour to Larry Ellison, who backed Musk's $1bn Twitter takeover in 2022. While the cash may ease pressure on Skydance's balance sheet, it could also fuel concerns about a right-wing media empire, as unions have accused CBS of editorial interference.
- Winklevoss PAC moves into Texas Senate race with $81K ad buy
Digital Freedom Fund, a super PAC launched in 2025 by Gemini co-founders Cameron and Tyler Winklevoss, spent more than $81,000 on direct mail backing Republican Ken Paxton and opposing Democrat James Talarico in the Texas Senate race. The PAC also spent in Ohio, bringing its support for Republican Jon Husted to about $7 million, and reported raising about $34 million as of Sept. 30. Prediction markets Kalshi and Polymarket heavily favored Democrats retaking the House and Senate in 2027, a result that would significantly affect the chances of passing the Digital Asset Market Clarity Act. Paxton had earlier benefited from $500,000 in ads funded by Fellowship PAC, which went through Nxum Group, co-founded by former Trump crypto adviser Bo Hines, and Nxum reportedly received $6.3 million in a deal with Tether.
- Why HubSpot Stock Rallied Today
HubSpot shares jumped as much as 7% on Thursday amid speculation about software sector M&A. Earlier this week Salesforce agreed to acquire Braze for $5.66 billion at a 58% premium, and the prior week CCC Intelligent Solutions and Varonis Systems agreed to deals at 44% and 52% premiums. Jefferies analyst Samad Samana sees the Braze deal as a possible spark for a takeover of Klaviyo and considers HubSpot an attractive private equity candidate, though he views a direct acquisition as unlikely. The article estimates a HubSpot deal, given its market cap above $13 billion and an average 51% premium, could cost around $20 billion, but stresses this is speculation.
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