Qualcomm said SpaceX chose its Dragonwing platforms for Starlink Mobile's nationwide ground-based 5G network, with rollout starting in 2027 and tens of thousands of sites over a multiyear deal; financial terms were not disclosed. SpaceX shares fell about 3% to near USD 136, almost a third below their record close of USD 201.80. SpaceX has agreed to pay about USD 19.6 billion for EchoStar spectrum licenses and bought a nationwide 800 MHz portfolio, though carrier service is not expected to start until early 2028. In the third quarter, the enterprise and government line that includes Starlink Mobile rose 91% to USD 2.1 billion, while connectivity operating income nearly doubled to USD 2.4 billion. The author notes the USD 1.85 trillion valuation already assumes years of fast growth, so the deal does not change his hold rating.
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