$SPCXB traded 31.53 million U in Binance bStocks, the highest across the board—the catalyst was an $8 billion spectrum deal 📡
At 20:31 Beijing time, Binance bStocks price: $SPCXB was quoted at 166.6 USDT. SpaceX shares closed at $160.57 on Thursday, down 4.19%, putting the current bStocks price about 3.8% higher.
The catalyst: SpaceX announced it would acquire nationwide low-band 800 MHz spectrum in the U.S., addressing a weakness in Starlink Mobile’s signal penetration. According to The Wall Street Journal, the deal is valued at $8 billion in cash and still requires FCC approval.
According to TradingKey, T-Mobile fell more than 7% and AT&T more than 6% in premarket trading on Friday.
The 21:30 market open will be the test:
1️⃣ If the underlying shares rise above 167.85, the after-hours gains are confirmed;
2️⃣ If they fall back below 160.4, the positive news has been sold off and the thesis is invalidated.
bStocks are tokens pegged to share prices and do not confer shareholder rights.
Is spending $8 billion on spectrum the start of Starlink’s transformation into a mobile carrier—or another cash-burning venture?
Sources: CNBC, Reuters, TradingKey
$SPCXB #SpaceX #USStocks
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.
At 20:31 Beijing time, Binance bStocks price: $SPCXB was quoted at 166.6 USDT. SpaceX shares closed at $160.57 on Thursday, down 4.19%, putting the current bStocks price about 3.8% higher.
The catalyst: SpaceX announced it would acquire nationwide low-band 800 MHz spectrum in the U.S., addressing a weakness in Starlink Mobile’s signal penetration. According to The Wall Street Journal, the deal is valued at $8 billion in cash and still requires FCC approval.
According to TradingKey, T-Mobile fell more than 7% and AT&T more than 6% in premarket trading on Friday.
The 21:30 market open will be the test:
1️⃣ If the underlying shares rise above 167.85, the after-hours gains are confirmed;
2️⃣ If they fall back below 160.4, the positive news has been sold off and the thesis is invalidated.
bStocks are tokens pegged to share prices and do not confer shareholder rights.
Is spending $8 billion on spectrum the start of Starlink’s transformation into a mobile carrier—or another cash-burning venture?
Sources: CNBC, Reuters, TradingKey
$SPCXB #SpaceX #USStocks
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.