BUZZ-SpaceX shares rise as it reaches agreement to acquire nationwide low-frequency spectrum portfolio
路透社2026/10/09 08:36October 9th - SpaceX (SPCX.O) shares rose 3.8% in pre-market trading to $166.70. The company has reached an agreement to acquire nationwide low-frequency spectrum in order to challenge U.S. wireless carriers, according to The Wall Street Journal. SpaceX will pay about $8 billion to Grain Management for related assets, acquiring radio waves that can travel long distances and penetrate dense structures such as walls. The financial terms of the deal have not yet been disclosed. The acquisition is expected to strengthen the "direct-to-device" service of Starlink Mobile and reduce reliance on traditional base stations. The deal intensifies the competition between satellite communications and cellular networks, increasing the challenges facing existing wireless carriers. The transaction is still subject to approval by the U.S. Federal Communications Commission. As of the close of the previous trading day, SPCX shares had risen more than 18% from the IPO price of $135.
October 9 - ** SpaceX (SPCX.O) shares rose 3.8% in pre-market trading to $166.70
** The company (link) has reached an agreement to acquire nationwide low-frequency spectrum in order to challenge US wireless carriers
** According to The Wall Street Journal, SpaceX will pay Grain Management approximately $8 billion to acquire relevant assets, thus obtaining radio waves capable of long-distance transmission and penetrating dense structures such as walls
** The financial terms of the agreement have not yet been disclosed by both parties
** This acquisition is expected to enhance Starlink Mobile's "direct-to-device" service and reduce reliance on traditional base stations
** The deal intensifies the competition between satellite communications and cellular networks, making the challenges faced by existing wireless carriers even more severe
** The transaction is still subject to approval by the US Federal Communications Commission
** As of the previous trading day's close, SPCX shares had risen more than 18% compared to the IPO issue price of $135
(To facilitate non-English speakers, Reuters has automated the translation of its reports into several other languages. Because automated translation may contain errors or lack contextual accuracy, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any damage or loss caused by the use of automated translation functions.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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BUZZ - Broker Perspectives: Analysts Express Doubts Over Starbucks and Chipotle Acquisition
Latest Update October 9 – The Financial Times reported on Thursday that Starbucks (SBUX.O) has explored a potential acquisition of Chipotle (CMG.N). This move would bring CEO Brian Niccol back to the Mexican burrito chain he once led. Starbucks declined to comment, saying the company remains "fully focused" on its business turnaround. Chipotle's stock fell about 4% to $31.32 on Friday, after surging 6.2% in the previous trading session. Limited strategic rationale BTIG expressed "high skepticism," stating that the deal does not make sense operationally, would cause significant dilution for Starbucks shareholders, and would disrupt management operations. "Over the years we've heard many stories about multi-brand acquisitions... but few have materialized, and even fewer have succeeded," BTIG noted. William Blair pointed out that Starbucks’ $9.4 billion net debt as of June makes it difficult to finance an acquisition and could push the combined company’s leverage ratio to about six times—considered high for the restaurant industry. D.A. Davidson stated the probability of the deal succeeding is 20% or less, given the significant differences between the brands and the apparent lack of clear synergies. Raymond James noted that due to the low overlap in menus, supply chain benefits are likely limited, while performance among multi-brand restaurant platforms has been mixed. eMarketer’s Suzy Davidkhanian commented that Niccol's familiarity may reduce execution risk, but investors might still see the deal as a "costly distraction" during Starbucks’ transformation. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Automated translation may be inaccurate or fail to include necessary context; Reuters does not guarantee the accuracy of automated translated text and provides it solely for readers’ convenience. Reuters accepts no responsibility for any damage or loss resulting from the use of automated translation functions.)
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