SpaceX stock rises as reports cite Boost Mobile deal talks

SpaceX shares recover in premarket trading

According to The Coin Republic, SpaceX stock, traded under the symbol SPCX, rose 1.66% in premarket trading on November 2, 2026, to $136.95. The move followed Friday’s 6.37% drop. The report says the stock had fallen $9.17 from its previous close of $143.89 on October 29.

The article says Friday’s session opened at $137.85 and reached an intraday high of $140.20, based on Google Finance data. Prices later moved down to $134.50, and the stock ended the day only $0.22 above that low. Trading volume was about 122.65 million shares.

Reports say talks involve Boost Mobile or network access

The Coin Republic reports that The Washington Post said SpaceX has been in discussions about EchoStar’s Boost Mobile business. The reported options include either buying the carrier or securing access to its existing wireless network. The article says these ideas fit Elon Musk’s plan for Starlink Mobile, a U.S. cellphone service that would combine satellite connections with ground-based networks.

The report says the discussions have been ongoing for several months. In October, Musk met with EchoStar Chairman Charlie Ergen to discuss a possible agreement. The article also says Musk had previously sought network access from Verizon, AT&T and T-Mobile, but each company rejected the proposal.

Boost, subscriber trends, and carrier approval questions

The Coin Republic says Boost already provides budget phone plans using network capacity from AT&T and T-Mobile, which gives its customers nationwide coverage. However, the article notes that those carriers may have to approve any transfer of Boost’s network agreements to a new owner.

The report says EchoStar had 7.38 million wireless subscribers at the end of June, with Boost Mobile and Gen Mobile making up most of them. During the second quarter, EchoStar lost about 118,000 retail wireless subscribers across its business, compared with an increase of 212,000 subscribers in the same period of 2025.

The article adds that an acquisition could give Musk an operating wireless business, customer accounts, and a retail distribution platform. It also cites MoffettNathanson’s valuation of the U.S. wireless market at $235 billion.

Separate spectrum deal remains on a 2027 timeline

Separately, The Coin Republic reports that SpaceX agreed on October 8 to buy Grain Management’s nationwide 800 MHz spectrum portfolio for about $8 billion. The filing with U.S. securities regulators says the deal covers up to 14 megahertz of paired spectrum.

After announcing the purchase, SpaceX said it aimed to become “a major mobile carrier in the US.” The company said it plans to combine satellite links with cellular infrastructure, including service inside buildings and in dense urban areas.

According to Grain, the spectrum deal still needs approval from the Federal Communications Commission and other customary closing conditions. SpaceX’s latest quarterly filing says it expects the transaction to close in the first half of 2027.