SPCX Stock Closed at $160.57 as Starlink’s 800 MHz…
By Tobi Opeyemi Amure
AI summary of the source article
Grain Management, LLC announced a definitive agreement to sell 100 percent of its nationwide 800 MHz portfolio to Space Exploration Technologies Corp. (SpaceX) to support Starlink Mobile. The transaction remains subject to FCC approval and standard closing conditions, with no purchase price disclosed in the official release despite secondary reports mentioning an unconfirmed $8 billion figure. Following the announcement, Nasdaq-listed SPCX shares closed down 4.19 percent at $160.57 on Thursday, 8 October 2026, while incumbent carriers Verizon, AT&T, and T-Mobile closed higher. Grain had previously acquired the portfolio from T-Mobile in August 2026.
Why it matters
The proposed spectrum acquisition would enable Starlink to expand mobile carrier services from ground and orbit, potentially altering competitive dynamics among major US telecom carriers pending regulatory approval.
Key facts
- SpaceX agreed to acquire 100 percent of Grain Management's nationwide 800 MHz spectrum portfolio, subject to FCC approval.
- Official releases from Grain Management did not disclose the purchase price or transaction terms.
- SPCX shares closed down 4.19 percent at $160.57 on 8 October 2026, while Verizon, AT&T, and T-Mobile shares closed higher.