Barclays initiates coverage of SpaceX with an Overweight rating and a target price of $254.

According to Zhihu Finance App, PONY.AI (PONY.US) rose over 5% on Friday, closing at $6.07. The news comes as, on October 8, autonomous driving company PONY.AI and global mobility platform Uber announced that they are moving forward with the introduction of PONY.AI's seventh-generation Robotaxi in London, UK, with road testing expected to officially begin in the coming weeks. London will become another key city in the companies' strategy for large-scale Robotaxi deployment in Europe.

According to information from Zhitong Finance APP, on Friday, Crown Castle International (CCI.US) surged over 11%, and American Tower (AMT.US) rose more than 7%. On October 8, it was reported that SpaceX agreed to acquire nationwide low-frequency spectrum for about $8 billion, aiming to enhance satellite mobile communication services. The related spectrum can improve signal penetration, and the expansion of terrestrial networks may continue to drive demand for communication tower construction. The deal raised expectations that SpaceX may lease available space on existing communication towers in the future to support its ambition to become one of the major wireless operators in the United States. It is noted that Crown Castle International owns, operates, and leases about 40,000 cellular communication towers in the US, providing infrastructure for wireless connectivity; the SpaceX spectrum acquisition increases its relevance to terrestrial network construction and tower leasing.