StocksMedium•9 October 2026•
1 min read
Elon Musk Calls SpaceX Spectrum Deal an 'Earthquake' for Telecom Industry
Key Facts
1Elon Musk described SpaceX's 800 MHz spectrum acquisition as an 'earthquake' that will enable nationwide Starlink satellite phone coverage.
Elon Musk described SpaceX's 800 MHz spectrum acquisition as an "earthquake" that will enable Starlink to provide nationwide satellite phone coverage across the United States. Benzinga reported that the move highlights the strategic importance of the deal in facilitating direct satellite-to-cell services.
SPCX closed at $160.57 on October 8, 2026, with the stock reaching a day high of $167.6 and a low of $160. The acquisition is intended to bypass traditional ground infrastructure, posing a competitive threat to established telecom carriers by enabling direct connectivity to consumer devices.