SPCX — Space Exploration Technologies Corp. - Class A Common Stock
Session close: $147.49. Regular-session share volume: 101,576,717. Change from previous close: +1.89%.
Key developments
SpaceX’s wireless expansion remained in focus after reports the prior evening of talks with tower owners for nationwide cell-site access. Earlier earnings showed strong revenue and Starlink Mobile user growth, while management reaffirmed terrestrial-network plans. The reporting framed SpaceX as an emerging challenger to established carriers; tower agreements remain unconfirmed.
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Financing and government-relations risks tempered that expansion story. SpaceX is finalizing debt for chips and data centers at higher borrowing costs amid weaker AI credit markets; pricing remains provisional. Ukrainian officials reported continuing Starlink restrictions despite claims service was restored, following a congressional inquiry announced the prior day. Responsibility for the restrictions remains disputed.
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A regulatory filing clarified that a potential Tesla merger remains undecided and requires committee, board and controlling-shareholder approval. Separate reporting highlighted possible antitrust and national-security hurdles, conditional on any eventual deal’s terms.
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