TLDR SpaceX (SPCX) stock gains 4.10% to $167.15 in Friday’s pre-market trading. Apollo and PIMCO emerge in talks over SpaceX’s proposed chip financing deal. SpaceX’s nationwide spectrum acqui
Space Exploration Technologies Corp. (SPCX) stock climbed 4.10% to $167.15 in Friday’s pre-market trading, gaining $6.58 after Thursday’s 4.19% decline. The recovery followed reports of a $40 billion Nvidia chip financing plan and a nationwide wireless spectrum acquisition. Both developments support SpaceX’s expansion into artificial intelligence infrastructure and mobile communications.
Space Exploration Technologies Corp., SPCX
SpaceX announced an agreement Thursday to acquire nationwide low-band wireless spectrum licenses from Grain Management. The acquisition covers up to 14 megahertz of paired spectrum within the 800 MHz frequency band. Consequently, the company expects to improve Starlink Mobile coverage across the United States.
The new frequencies can penetrate buildings and other obstacles more effectively than higher-frequency wireless signals. SpaceX plans to combine satellite connectivity with terrestrial infrastructure to deliver broader mobile coverage. However, the company must obtain final Federal Communications Commission approval before completing the transaction.
The announcement also increased pressure on established American telecommunications companies during Thursday’s extended trading session. AT&T shares dropped 5.7%, while T-Mobile declined 5.9% and Verizon fell 5.3%. These declines followed SpaceX’s announcement of plans to compete more directly in domestic mobile services.
SpaceX entered public markets in June 2026 through an initial public offering that raised approximately $86 billion. Since then, the company has continued expanding its financing activities and satellite communications operations. Its latest initiatives extend beyond traditional rocket launches and commercial space transportation.
Federal regulators approved plans for 15,000 next-generation Starlink Mobile satellites designed to support direct-to-device connections. The proposed network would complement the newly acquired spectrum and existing satellite infrastructure. Together, these assets could expand connectivity across rural areas and densely populated markets.
SpaceX also faces substantial funding requirements as its computing and telecommunications projects expand. The Nvidia financing remains under discussion, while the wireless spectrum transaction requires regulatory clearance. Both developments represent significant additions to the company’s infrastructure investment plans.
SpaceX is negotiating with banks and asset managers to secure $40 billion for Nvidia artificial intelligence processors. Reuters reported that the company plans to combine approximately $10 billion in bank loans with $30 billion in investment-grade debt. The financing would support the company’s growing computing infrastructure requirements.
SpaceX has approached PIMCO regarding the financing arrangements. Apollo Global Management could lead the transaction and distribute the debt across financial institutions. However, the companies have not publicly confirmed the proposed financing structure.
The initiative follows Musk’s plans to expand computing capacity across his artificial intelligence operations. His xAI business aims to more than double Nvidia chip deployment at its Colossus 2 facility by December. Morgan Stanley estimates that artificial intelligence infrastructure will require $1.5 trillion in external financing by 2028.
The post SpaceX (SPCX) Stock: Climbs as Nvidia Deal and Spectrum Buy Advance appeared first on Blockonomi.
