SpaceX is planning to acquire all rights to a nationwide 800MHz low-band spectrum portfolio held by Grain Management, covering as much as 14MHz of paired spectrum. The seller published the announcement at 04:17 Beijing time on Oct. 9, and the deal still requires approval from the U.S. Federal Communications Commission, or FCC. According to the disclosure, the transaction is aimed at improving Starlink Mobile coverage as SpaceX combines its direct-to-cell satellite constellation with terrestrial networks and pushes deeper into the U.S. mobile carrier market.
The news was followed by a pickup in SPCX trading. TradingBeats data showed that, using the 04:17 announcement as the reference point, the traded price of the SPCX perpetual contract on Hyperliquid rose from $160.89 to $164.54 over the next four hours, a gain of about 2.27%. First-hour turnover reached roughly $23.57 million, up about 174.8% from $8.58 million in the hour before the announcement. As of publication, SPCX was trading near $165.54. Combined with the disclosed impact of Trump buying SpaceX senior unsecured notes, 24-hour volume climbed past $205 million, while open interest reached $124 million.
SpaceX plans to acquire all rights to a nationwide 800MHz low-band spectrum portfolio held by Grain Management, involving as much as 14MHz of paired spectrum, according to BlockBeats on Oct. 9. The seller released the announcement at 04:17 Beijing time. The transaction still needs approval from the U.S. Federal Communications Commission, or FCC.
Deal centers on Starlink Mobile coverage
The disclosed business focus of the deal is to strengthen Starlink Mobile coverage. SpaceX said it plans to combine its direct-to-cell satellite constellation with terrestrial networks as it expands its position in the U.S. mobile carrier market.
The company also said the FCC approved this week the deployment of 15,000 next-generation mobile communications satellites.
SPCX trading picked up after the announcement
Trading activity rebounded after the news became public. According to TradingBeats, using the seller's 04:17 announcement as the baseline, the traded price of the SPCX perpetual contract on Hyperliquid recovered from $160.89 to $164.54 over the following four hours, up about 2.27%.
Turnover also increased sharply. Volume in the first hour reached about $23.57 million, compared with $8.58 million in the hour before the announcement, an increase of about 174.8%.
As of publication, SPCX was trading at about $165.54. Together with the disclosed impact of Trump buying SpaceX senior unsecured notes, the token's trading volume over the past 24 hours exceeded $205 million, while open interest stood at $124 million.
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