Market News / Story
SPCX Stock Surges Premarket – JPMorgan Says SpaceX May Need Ground-Based Network To Rival Telecom Giants
Stocktwits ·
Stocktwits reports: SpaceX (SPCX) could need to build a ground-based mobile network to compete with established U.S. telecom operators following its latest spectrum acquisition, JPMorgan said on Friday. The firm maintained its ‘Overweight’ rating on SpaceX, saying the agreement makes Starlink Mobile’s long-term opportunity more credible, although building a competitive network would require significant investment, according to TheFly. The stock was up 3.7% in pre-market trading, while SPCX…