For years, Ukraine’s armed forces have relied on satellite communication services developed by Elon Musk’s SpaceX. Recent restrictions have hampered its war effort.

SpaceX has agreed to acquire 14 megahertz (MHz) of paired spectrum licenses in the 800 MHz band from Grain Management for a reported $8 billion. These are spectrum licenses T-Mobile had to give up as part of its merger with Sprint.

The SpaceX CEO just put a number on his ambitions that most people will struggle to take seriously. The math behind it is harder to dismiss.

Raymond James cited its bullish take on an FAA filing that outlined SpaceX’s proposal to increase annual Starship launches from its Boca Chica, Texas, facility

In addition, SpaceX could eventually introduce its own lower-cost smartphone. By doing so, Musk would compete with the iPhone directly. These devices could integrate Starlink connectivity with Grok artificial intelligence (AI), creating an ecosystem that rivals Apple's hardware, software, and services businesses.

AST SpaceMobile (NASDAQ:ASTS) stock is down 8% to $43.38 after a Wall Street downgrade tied to rising competition in direct-to-cell service. That drop is far deeper than anything else in the space group.

Expanding plume of fuel exhaust crystalized in the sky and reflected sunlight off frozen particles after Florida launch

Elon Musk's SpaceX imposed a new speed limit on Starshield satellite service that Ukraine says is disrupting drone intercepts and military operations.