Space Exploration Technologies Corp. (SPCX) climbed 4.10% to $167.15 in Friday's pre-market trading, gaining $6.58 after a 4.19% decline on Thursday. The rebound followed reports of a $40 billion financing plan for Nvidia chips and a nationwide wireless spectrum acquisition, two developments that underpin the company's expansion into artificial intelligence infrastructure and mobile communications.

Key developments:

• SPCX gained 4.10% to $167.15 in Friday's pre-market trading.
• Apollo and PIMCO have emerged in talks over SpaceX's proposed chip financing deal.
• A nationwide spectrum acquisition supports broader Starlink Mobile coverage.
• SpaceX is seeking $40 billion to fund Nvidia chip purchases and expand AI capacity.
• AT&T, T-Mobile, and Verizon shares declined following SpaceX's spectrum deal.

SpaceX Acquires Nationwide Spectrum for Starlink Mobile

SpaceX announced an agreement on Thursday to acquire nationwide low-band wireless spectrum licenses from Grain Management. The transaction covers up to 14 megahertz of paired spectrum within the 800 MHz frequency band, which the company expects to strengthen Starlink Mobile coverage across the United States.

Low-band frequencies can penetrate buildings and other obstacles more effectively than higher-frequency wireless signals. SpaceX plans to combine satellite connectivity with terrestrial infrastructure to deliver broader mobile coverage. However, the company must still obtain final approval from the Federal Communications Commission before completing the deal, making the FCC review the key step to watch before the transaction can close.

The announcement also increased pressure on established American telecommunications companies during Thursday's extended trading session. AT&T shares dropped 5.7%, while T-Mobile declined 5.9% and Verizon fell 5.3%. The three firms are the largest incumbent wireless carriers in the United States, and the moves came after SpaceX said it plans to compete more directly in domestic mobile services — a market where licensed spectrum is a core requirement for nationwide terrestrial coverage.

Expansion Builds on Public Listing and Satellite Growth

SpaceX entered public markets in June 2026 through an initial public offering that raised approximately $86 billion. Since then, the company has continued to expand its financing activities and satellite communications operations, with its latest initiatives extending beyond traditional rocket launches and commercial space transportation.

Federal regulators have approved plans for 15,000 next-generation Starlink Mobile satellites designed to support direct-to-device connections — technology that aims to link standard mobile phones to satellites rather than relying solely on ground-based cell towers. The proposed network would complement the newly acquired spectrum and the company's existing satellite infrastructure. Together, these assets could expand connectivity across rural areas as well as densely populated markets.

SpaceX also faces substantial funding requirements as its computing and telecommunications projects grow. The Nvidia financing remains under discussion, while the wireless spectrum transaction requires regulatory clearance. Both developments represent significant additions to the company's infrastructure investment plans.

SpaceX Seeks $40 Billion for Nvidia Chip Purchases

SpaceX is negotiating with banks and asset managers to secure $40 billion for Nvidia artificial intelligence processors. Reuters reported that the company plans to combine approximately $10 billion in bank loans with $30 billion in investment-grade debt. The financing would support the company's growing computing infrastructure requirements.

SpaceX has approached PIMCO regarding the financing arrangements, and Apollo Global Management could lead the transaction and distribute the debt across financial institutions. However, the companies have not publicly confirmed the proposed financing structure, leaving the final composition of the deal among the items to monitor as discussions progress.

The initiative follows Elon Musk's plans to expand computing capacity across his artificial intelligence operations. His xAI business aims to more than double Nvidia chip deployment at its Colossus 2 facility by December. Morgan Stanley estimates that artificial intelligence infrastructure will require $1.5 trillion in external financing by 2028, a figure that frames the scale of capital SpaceX's chip purchases would represent within the broader industry buildout.