SpaceX stock targets $200 as Starlink Mobile expansion accelerates

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Mykhailo Ihnatenko

09.10.2026

SpaceX stock targets $200 as Starlink Mobile expansion accelerates — SpaceX strengthens Starlink Mobile as SPCX eyes $200

SpaceX is stepping up its push into mobile connectivity as new spectrum assets strengthen the Starlink Mobile strategy. The implications are already spilling into telecom stocks, while SPCX heads toward another important resistance test.

SpaceX has agreed to acquire a nationwide portfolio of 800 MHz spectrum licences from Grain Management. The package includes up to 14 MHz of paired low-band spectrum and is designed to address one of Starlink Mobile’s main technical limitations: maintaining connectivity inside buildings and around physical obstructions.

The low-band frequencies will complement Starlink Mobile’s existing 2 GHz spectrum. SpaceX plans to combine its satellite network with terrestrial infrastructure, gradually turning Starlink Mobile from a service aimed largely at coverage gaps into a more direct competitor to traditional wireless carriers.

The regulatory backdrop has also turned more favourable. The FCC separately authorised SpaceX to launch up to 15,000 next-generation Starlink Mobile satellites optimised for direct connections with standard smartphones. Musk described the newly acquired low-band spectrum as the final critical piece needed to deliver full mobile coverage across the United States.

Investors quickly began reassessing the potential threat to incumbent telecom operators. In premarket trading on October 9, Verizon shares fell more than 6.5%, AT&T dropped 7.5% and T-Mobile slid 6.5%, while SPCX gained around 4%.

Another storyline has emerged around Donald Trump. According to his latest financial disclosure, accounts linked to the president purchased between $1 million and $5 million of SpaceX bonds on August 18. Two days later, Trump signed a memorandum outlining a new U.S. space policy that included measures aimed at expanding commercial launches.

SPCX rebounds from $158.50 as $172.50 becomes the next test

After retreating from its local high, SpaceX shares found buyers in the $158.50–161 area. That range has now become the main near-term support zone, keeping the recovery scenario alive.

SPCX was rebounding sharply in premarket trading on October 9 after closing the previous session at $160.57.

For today’s session, the first major hurdle sits near $172.50. A convincing break above that level could bring the October 6 local high at $176.42 back into play.

The move should also be viewed against the broader technical setup. As noted previously, holding momentum above a strong price zone kept a potential move toward $200 on the table.

November earnings could become the next major volatility test

After a run of major headlines around Starlink, mobile connectivity and Musk’s longer-term ambitions, expectations surrounding SpaceX continue to rise. That makes the next quarterly report potentially more important for the stock than another standalone corporate announcement.

Market calendars currently point to November 5 as the expected date for the third-quarter report, although the date remains preliminary. It will be the first earnings release covering a full quarter since the June IPO.

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