SpaceX to Buy 800 MHz Spectrum to Boost Starlink Mobile; SPCX Volume Tops $200M
AI Market Summary
SpaceX's planned acquisition of nationwide 800 MHz low-band spectrum, alongside FCC approval for 15,000 next-generation direct-to-cell satellites, strengthens the strategic path for Starlink Mobile and U.S. carrier deployment. The news coincided with a sharp rebound in SPCX perpetuals activity on Hyperliquid, with higher price, surging hourly volume, and elevated 24-hour turnover and open interest, indicating increased speculative interest and liquidity.
Impact level
● Medium
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NCSKSPCX2USD/USDT+0.20%
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▲ Bullish
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ME News reported that on Oct. 9 (UTC+8), SpaceX plans to acquire Grain Management's entire stake in a nationwide 800 MHz low-band spectrum portfolio, covering up to 14 MHz of paired spectrum. Grain Management published the announcement at 04:17 Beijing time on Thursday. The deal is still subject to approval by the U.S. Federal Communications Commission (FCC).
The transaction is aimed at strengthening Starlink Mobile's coverage. SpaceX said it intends to combine its satellite direct-to-cell constellation with terrestrial networks to accelerate its U.S. mobile carrier rollout. The company also noted that the FCC approved this week its deployment of 15,000 next-generation cellular satellites.
After the news broke, trading activity picked up sharply. TradingBeats data show that following the 04:17 announcement, the price of SPCX perpetuals on Hyperliquid rose from $160.89 to $164.54 over the next four hours, up about 2.27%. First-hour volume reached about $23.57 million, a roughly 174.8% jump from $8.58 million in the hour before the release. As of publication, SPCX was trading around $165.54.
Alongside separate disclosures that Donald Trump purchased senior unsecured notes issued by SpaceX, SPCX trading volume in the past 24 hours has exceeded $205 million, while open interest over the same period reached $124 million. (Source: BlockBeats)
