SpaceX shares climb on reports of EchoStar deal talks

SpaceX shares rise after reported EchoStar talks

Gotrade reports that SpaceX stock, trading under the ticker SPCX, ended Tuesday, November 3, 2026, at $141.31. That was up $4.94, or 3.62%, from the previous close of $136.37. The outlet says financial media connected the move to reports that SpaceX is in talks with EchoStar about either buying Boost Mobile or gaining access to EchoStar’s wireless network. Gotrade notes that neither company has confirmed an agreement.

Trading activity and market comparison

According to Gotrade, SpaceX opened the session at $137.63 and traded between $137.56 and $142.73 before closing $3.75 above the day’s low. Volume reached 73.2 million shares, which the article says was 23.14% below the 30-day average of 95.3 million shares. The report also says the stock finished 2.79 percentage points ahead of the Nasdaq Composite. On the same day, the Nasdaq rose 0.83% to 25,372.01, the S&P 500 gained 0.36% to 7,568.92, and the Dow Jones Industrial Average fell 0.38% to 51,786.72. The U.S. 10-year Treasury yield increased 5.8 basis points to 4.95%.

Where the stock stands and what the reports say about the deal

Gotrade says SpaceX is now 37.37% below its 52-week high of $225.64 and 34.80% above its 52-week low of $104.83. The article attributes the stock’s jump to Invezz, which reported that SpaceX is exploring a transaction with EchoStar that could either give it control of Boost Mobile or access to EchoStar’s network. Invezz also said EchoStar shares rose 2.75% on Tuesday after adding to Monday’s gains. The report notes again that no agreement has been publicly confirmed by either side.

Earlier reporting, carrier concerns, and SpaceX’s wireless goal

Gotrade says The Washington Post first reported the talks on Monday, November 2. Yahoo Finance, as cited in the article, said the Post reported that Elon Musk met EchoStar chairman Charlie Ergen in October, based on two people familiar with the negotiations. The same reporting said the outcome could be either an outright purchase of Boost Mobile or network access. Gotrade also cites SpaceX CFO Bret Johnsen, who said on an earnings call that the company’s aim is to “become a major mobile carrier ... in the United States.”

Supporting factors and risks mentioned in the article

The article says Light Reading reported that AT&T, T-Mobile and Verizon repeated opposition to giving SpaceX mobile virtual network operator, or MVNO, terms on their latest earnings calls. It also says Boost Mobile ended the third quarter of 2026 with 7.38 million wireless customers. In the section on possible positives, Invezz said a Boost Mobile deal could give SpaceX an existing customer base and a quicker path into U.S. wireless for its planned Starlink Mobile service. Gotrade also cites Motley Fool reporting that SpaceX’s third-quarter Starlink revenue rose 69% year over year to $5.2 billion, while Super Intelligence segment revenue increased 830% to $7.6 billion. Motley Fool also reported consolidated operating income of $2.8 billion for the quarter, compared with an operating loss of $273 million a year earlier.

Additional risks and balance-sheet pressure cited

On the risk side, Gotrade says Yahoo Finance reported that approval from AT&T and T-Mobile may still be needed because Boost leases its network from those carriers. Light Reading quoted Verizon CEO Dan Schulman as saying, “there are no back doors to any of our MVNO agreements.” Motley Fool also reported that as much as 1.3 billion additional shares became eligible for sale after the third-quarter earnings announcement as IPO lockups expire. The article adds that SpaceX spent $19.6 billion on capital expenditures in the third quarter, more than its total revenue for the period, and that Motley Fool said the company is turning to debt to buy GPUs.