SpaceX

SpaceX reached a deal to buy cellular spectrum licenses from investment firm Grain Management, its biggest move yet into a wireless market dominated by traditional telecom companies. The Elon Musk-led space company will pay about $8 billion in cash for the assets. The U.S. licenses, which are in the 800-megahertz band, are tailored for wireless service from cellphone towers rather than satellites.

SpaceX reported results for the second quarter of 2026. Highlights include:

On May 11th through 13th, SpaceX met with the offices of Federal Communications Commission Chairman Carr, FCC Commissioner Trusty, and FCC Commissioner Gomez, and with the Wireless Telecommunications Bureau, to discuss reassessment of High-Cost programs in the context of satellite broadband services delivering broadband at competitive rates throughout the areas supported by High-Cost programs... The rapid growth of low-Earth orbit satellite broadband service in recent years has made high-speed, low-latency broadband access available throughout the entirety of the United States.

SpaceX has acquired xAI to form the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications, and the world’s foremost real-time information and free speech platform.