Shares of Space Exploration Technologies (SPCX) rose 4.4% by 10:55 a.m. ET Monday after The Washington Post reported that SpaceX is in talks to buy Boost Mobile or use its network. According to the Post, SpaceX is seeking a back door into the $235 billion wireless market after being rejected by AT&T, T-Mobile and Verizon, and it is in talks with EchoStar (ECHO), which owns Boost; Boost itself leases network access from AT&T and T-Mobile. The author considers the rumor probably true, citing SpaceX's recent steps, including FCC permission for 15,000 direct-to-cell satellites and an $8 billion purchase of spectrum licenses from Grain Management.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
SpaceXtelecommunicationsmergers and acquisitions
Open a keyword to see other news on the same topic.
Related news
- EchoStar Gains on SpaceX Talks; Lumentum, Marvell Reach Deal | Stock Movers
Marvell Technology agreed to buy Lumentum in an all-stock deal at a $115 billion enterprise value, with Marvell shareholders to hold 67% of the combined company; Lumentum fell about 4% after rising 128% ahead of the deal. Lumentum makes lasers and optical equipment used to move large volumes of data at high speed in AI data centers, and Nvidia had announced a $2 billion stake in the company in March. EchoStar shares gained after The Washington Post reported that SpaceX held talks about launching its own wireless service with Boost Mobile's parent, a deal that would need consent from AT&T and T-Mobile in a market estimated at about $235 billion. Apple shares, up about 25% since a late-June low, were moving ahead of earnings, with Wall Street expecting fiscal fourth-quarter revenue to rise 11% and net income 6%. The stock trades at its priciest levels since 2008, at 36 times earnings.
- In the hunt for $1 trillion of revenue, SpaceX reportedly targets Boost Mobile for a deal
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.
- Stocktwits Space Race Monthly: SPCX Holds Up Better Than ASTS, RKLB And PL In October — But VSAT Takes The Crown
Over the past month, SpaceX (SPCX) fell 5%, AST SpaceMobile (ASTS) dropped 27%, Rocket Lab (RKLB) lost 15% and Planet Labs (PL) slipped 13%, while Viasat (VSAT) gained 11%. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and net income of $4.4 billion, while Starlink had 13.6 million consumer subscribers. Rocket Lab pushed Neutron’s debut to 2027 after finding air pockets in a first-stage tank dome, though an $816 million award lifted the potential value of its two Space Development Agency programs above $1.3 billion. Piper Sandler downgraded ASTS to “Neutral” from “Overweight” and cut its target to $54 from $98. Viasat faced takeover chatter, with analyst Tim Farrar suggesting Amazon could acquire it, though no deal has been announced.
- 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%.
- FCC Approves $11.5 Billion Amazon Leo Acquisition Of Globalstar
The FCC approved Amazon Leo's $11.5 billion deal to buy Globalstar, giving Amazon's satellite arm about two dozen Globalstar satellites and mobile-satellite spectrum that the agency said will help Leo enter the direct-to-device market. Leo has launched nearly 400 satellites since April 2025, aims to put thousands in low Earth orbit by 2029, and plans commercial service by the end of 2026, while Starlink runs more than 11,000 satellites. Apple is also involved because Globalstar powers Emergency SOS and Find My on iPhone and Apple Watch; Amazon has signed an agreement with Apple to keep those services running and plans to acquire Apple's stake in Globalstar, which made up about 63% of Globalstar's revenue last year. Amazon now expects about $220 billion in cash capital spending in 2026, which management says will create free cash flow headwinds for now.
- ASTS Stock Slips Overnight As FCC Clears Amazon’s $11.5B Globalstar Deal — Touts ‘Even More Competition’
AST SpaceMobile (ASTS) shares slipped over 1% in overnight trading after the Federal Communications Commission (FCC) cleared Amazon's $11.5 billion acquisition of Globalstar. The FCC said the deal includes the transfer of 25 megahertz of Globalstar's mobile-satellite spectrum, a key asset for Amazon's satellite-to-phone ambitions, and FCC Chairman Brendan Carr said it would mean even more competition. Amazon plans to begin deploying its next-generation satellite-to-device system in 2028, and the acquisition is expected to close in 2027. ASTS rose 6% to $41.96 on Tuesday but is still down 29% for the month, while retail sentiment on Stocktwits slipped to bearish from bullish a week earlier.
Related markets
Latest news
- Bitcoin ETF outflows hit $643M, led by BlackRock and Fidelity
Bitcoin ETFs saw net outflows of $643 million on Friday, led by BlackRock at $233.7 million, followed by Fidelity at $201 million and Arc B at $129.5 million. The funds had also recorded net outflows in each of the four preceding sessions, and the week was still only down $202 million. The host notes that ETF flows tend to react to market moves because these funds don't trade 24/7 like Bitcoin, so the impact of after-hours events often shows up the next day. He contrasts this with the worst hack in history, worth $6 billion, and a sharp tech sell-off in which Intel fell 30% and Alphabet and Amazon were each down about 12% at one point overnight, while Bitcoin fell only 4–5% and gold also declined.
- BetterInvesting™ Magazine Update on Amazon.com and UnitedHealth Group
BetterInvesting Magazine's committee named Amazon.com (NASDAQ: AMZN) its “Stock to Study” and UnitedHealth Group (NYSE: UNH) its “Undervalued Stock” in the January–February 2027 issue, for informational and educational use. The organization says these picks are not endorsed or recommended for purchase by NAIC/BetterInvesting. It urges investors to conduct their own review using the Stock Selection Guide before making any investment decision. Non-members can access a limited trial version of the online analysis tools to view fundamental data for both companies.
- AMD Slides 3% Ahead of Earnings as PC Worries Linger; Intel Drops 5%, NVIDIA Edges Higher
AMD fell 3% to $489.03 ahead of its Q3 2026 results, scheduled for November 3 after the market closes, after an 11% drop on October 30 when Intel said its PC slowdown would last at least through the first half of 2027; Intel shares plunged 29% that session. Intel guided Q4 2026 revenue to $15–16 billion, below the roughly $17 billion consensus, but its Data Center and AI revenue still rose 78% to $7.32 billion. AMD's Client segment brought in $3.06 billion in Q2 2026, while Data Center rose 107% to $6.72 billion, making up 58% of sales. NVIDIA rose 1% to $206.76. AMD guided Q3 revenue to about $13 billion ±$300 million versus the $13.09 billion consensus, and bears point to a forward earnings multiple of 45x against a five-year average of 35x.
- AWS Growth Wins Amazon Stock a $330 Upgrade
Phillip Securities upgraded Amazon to Buy from Accumulate on Monday and raised its price target from $320 to $330, arguing that AWS demand justifies the company's heavier spending. Amazon shares were up 5.22% as of 10:30 a.m. ET. Analyst Helena Wang raised her fiscal 2027 revenue estimate by 2%, net income forecast by 3% and capex estimate by 3%, while acknowledging that aggressive spending pressures free cash flow. In the third quarter, net sales rose 12% to $201.9 billion and AWS sales grew 39.3% to $46.0 billion, its fastest pace in nearly five years. Net income fell to $20.7 billion, or $1.89 per diluted share, because the year-ago quarter included $9.5 billion in pre-tax gains from the Anthropic investment.
- This Up-and-Coming Tech Company Just Delivered 44% Revenue Growth, and It Has Nothing to Do With AI.
SoFi Technologies posted record adjusted net revenue of $1.4 billion in the third quarter of 2026, up 44% year over year, and GAAP net income of $241 million. Growth came from banking, lending, investing and fintech services rather than AI chips or models. The company is building a connected financial platform: members rose 35% to 17.1 million, products held grew 44% to 26.7 million, and more than half of new products opened in the quarter came from existing members. SoFi also has eight businesses each generating over $100 million in annualized revenue, and net profit rose 73%. The article says investors should watch whether SoFi can keep growing, turn that growth into lasting profits, and whether newer businesses such as recently announced blockchain payments contribute meaningfully.
- The EPS 'Miss That Wasn't Gave You and Me an Opportunity to Scoop Up Alphabet Cheaply
Alphabet reported GAAP EPS of $2.12 against a consensus of $2.97, ending a 12-quarter streak of beats, and shares fell 12.64% on earnings day, from $324.89 to $283.82. The author attributes the miss to a one-time $8.70 billion loss on equity securities, which cut net income by $6.70 billion and diluted EPS by $0.55, and argues that this mark-to-market swing sits outside the ad and cloud businesses. The author points to revenue of $127.58 billion (up 24.6%), operating income up 29.93%, and Google Cloud revenue up 103% to $30.71 billion as evidence of strong core operations. The author also flags risks, including capex of $51.36 billion (up 114.4%), negative free cash flow of -$9.07 billion, and dilution from share sales under an at-the-market program. The stock stood at $279.84, down 18.67% over the past month.
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.