The article says there has been intense speculation about SpaceX's ambitions in the cellular market, with multiple acquisition targets suggested. Boost Mobile is the latest of these.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on MarketWatch ↗
Keywords
SpaceXmergers and acquisitionstelecommunicationsElon Musk
Open a keyword to see other news on the same topic.
Related news
- Amazon Could Buy Viasat As AST SpaceMobile Tries Rival Bid, Satellite Consultant Says: Musk-Bezos ‘Cage Fight’ Looms
Satellite consultant Tim Farrar said Amazon could soon announce an acquisition of Viasat, mainly for its international spectrum and to combine Viasat's Ka-band GEO business with Amazon Leo, strengthening Amazon's position in government and aviation. AST SpaceMobile has reportedly tried to assemble a rival bid, but it would need significant telco support and would likely face opposition from Viasat management, and Farrar did not disclose a deal value. The speculation follows FCC approval of Amazon's $11.5 billion Globalstar acquisition, expected to close in 2027, which gives Amazon 25 megahertz of mobile-satellite spectrum. Farrar also flagged risks in AST's tense relationship with Ligado and suggested SpaceX could pursue a stock-based deal for EchoStar's remaining business. Year to date, AMZN shares are up 10%, ASTS has fallen 42%, and VSAT has surged 127%.
- Starlink's Consumer Business Is Booming. This Business Is Growing Even Faster.
Enterprise and government revenue in SpaceX's connectivity segment reached about $2.13 billion in Q3, up 91% year over year, outpacing consumer revenue, which grew 57% to about $3.12 billion. Together they form a connectivity segment of $5.25 billion, up about 69%, with enterprise and government making up roughly 41% of it, up from 36%. Starlink had about 12,000 aircraft under contract but only about 3,800 equipped by end-September, pointing to near-term growth room. The segment's operating margin improved from about 38% to 45%, though management cited a one-time tariff refund boost, and SpaceX does not disclose separate margins for business customers. Connectivity accounted for about $2.37 billion of SpaceX's $2.79 billion third-quarter operating profit, roughly 85%.
- Telecom Stocks: Can AI, Robotics Break The SpaceX Standoff?
Telecom stocks have been under pressure from SpaceX. The article asks whether Elon Musk could use 'physical AI' to reach a wireless network deal.
- Elon Musk says he can build a wireless carrier in two to three years. Is that possible?
Elon Musk says he can build a wireless carrier within two to three years. Verizon says there is “no magic wand,” while analysts note SpaceX may be aiming for some shortcuts.
- SpaceX CEO Elon Musk Just Gave Telecoms Some Great News
Verizon believes it could take up to eight years for SpaceX to build the infrastructure needed to compete in mobile wireless. Elon Musk disagrees with that view.
- Nearly 13% of SpaceX's $4.4 Billion Profit Came From This "Boring" Investment
SpaceX reported third-quarter revenue up 161% year on year to $14.6 billion and net income of $4.4 billion. Of that, $561 million was an unrealized gain on its stake in The Boring Company, a Musk-controlled firm, after the company raised $3 billion at a valuation of about $20 billion; the gain equals about 12.7% of net income but brought in no cash. The article argues that net income can overstate underlying performance and that operating income is the more useful measure, which came in at $2.8 billion versus a $273 million operating loss a year earlier. Capex reached $19.6 billion in the quarter, and CFO Bret Johnsen guided to $35–40 billion for the fourth quarter, mainly for AI infrastructure, Starship and satellites. SpaceX also agreed to acquire 800 MHz wireless spectrum from Grain Management, which could help Starlink expand into cellular connectivity.
Related markets
Latest news
- Strategy Resumes Bitcoin Buys With $66M Purchase
Strategy bought 811 BTC for $65.5 million between October 26 and November 1, resuming purchases after a one-week pause, according to an SEC filing. It also spent $208.2 million from its USD Cash balance to repurchase 2,092,035 STRC shares, cutting USD Cash to $132.7 million from $242.4 million a week earlier. The company now holds 849,327 BTC, acquired for $64.08 billion at an average of about $75,451 per coin. Mizuho kept its Outperform rating and $165 price target on MSTR, while analyst Dan Dolev flagged dilution concerns as Bitcoin per share fell 3.7% this year. Strategy also faces possible removal from MSCI's equity indexes, with the list of affected companies due on November 11.
- Apple has turned into Wall Street's hedge against the AI trade: Chart of the Day
Apple has moved against chip stocks, rising on 30 of the 46 days the Philadelphia Semiconductor Index fell 2% or more, a much higher share than in past years. Its correlation with the chip index turned negative in July and hit a record low in September. Over the past four reported quarters, Amazon, Alphabet, Microsoft and Meta spent more than $600 billion on capital expenditures, while Apple spent about $10 billion. Apple still faces pressure from higher memory chip costs, which Bank of America says will weigh on iPhone margins, and the bank considers Wall Street's margin forecasts too high into next year.
- Inuvo's IntentKey Puts Custom Audiences Live on Safari and iPhone Within 24 Hours
Inuvo (NYSE American: INUV) says its managed IntentKey service can put custom audiences live on Safari and iPhone within 24 hours of an approved campaign plan. Since Apple's iOS 27 update further limited how advertisers recognize people in Safari, the company says IntentKey has kept the same share of iPhone impressions with no change in client performance. Unlike cookie-based approaches, IntentKey uses a large language model to read content across the open web and infer interest and intent, with no cookies or personal data attached to profiles. Roughly a third of its iPhone traffic now runs on iOS 27, and Inuvo notes it first offered Safari reach without cookies in 2022 and again in 2023 when Apple tightened tracking in iOS 17.
- Gold Has Cooled From Its First-Quarter Record, Yet Miners Still Sold Ounces at Prices More Than 20% Above Last Year
Gold's third-quarter average was $4,262 an ounce, about 23% above the same quarter of 2025, but it has fallen for two straight quarters from a first-quarter record of $4,872.90. The LBMA Gold Price PM was $3,913.25 on October 30. The World Gold Council linked September's decline to rising Treasury yields and the U.S. dollar after the Fed's rate increase, though the 10-year yield has since eased from 5.29% to 4.94%. Buying has held up, with gold-backed ETFs taking in a record $31 billion in the third quarter and central banks buying 289 tonnes in the second quarter. Four gold miners reported realized prices more than 20% above a year earlier.
- Buy, Sell, or Hold? Today's Top Upgrades and Downgrades: Amazon.com, Coinbase Global, CrowdStrike, FormFactor, GameStop, L3Harris Technologies, Oracle, Reddit, Rivian Automotive, and More
Wall Street analysts made several rating changes on Monday, November 2, 2026, after the Nasdaq fell 5.2% in October. Upgrades include Amazon.com to Buy from Accumulate at Phillip Securities, with its target raised to $330 from $320, and CrowdStrike to Buy from Hold at Deutsche Bank, with its target lifted to $300 from $240. Morgan Stanley downgraded Coinbase Global to Underweight from Equal Weight and cut its target to $120 from $258, while Loop Capital cut Reddit to Hold from Buy with a target of $100 from $250. Among initiations and resumptions, TD Cowen started AngloGold Ashanti at Buy with a $123 target, and Morgan Stanley resumed L3Harris Technologies at Overweight with a $402 target.
- SuperMatics Is Building AI to Find the Next Superconductors for Commercial Wire
SuperMatics, a Berkeley company building AI exclusively for superconductors, argues that the gap lies not in discovering materials but in making tough, affordable wire. It points to rising demand from AI data centers and fusion developers, which rely on costly, scarce high-temperature superconducting tape. Its models, built on physics including the Modulated Electron Lattice (MEL) framework, predict properties, write synthesis recipes and simulate finished wire, and every result, failures included, retrains them. The company works with researchers at UC Berkeley and Georgia Tech and is in talks with materials and technology firms on joint programs. It will present at the Plug and Play Silicon Valley November Summit on November 5.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.