SpaceX's entry into the mobile carrier market boosts trading activity, with SPCX's on-chain daily trading volume exceeding $200 million.
1 hours ago
SpaceX is set to acquire all rights to the nationwide 800MHz low-band spectrum portfolio held by Grain Management, covering up to 14MHz of paired spectrum. The seller issued an announcement at 04:17 Beijing Time today; the transaction remains subject to approval from the U.S. Federal Communications Commission (FCC). The core business focus of this deal is to enhance Starlink Mobile’s coverage capacity. SpaceX plans to combine its satellite-to-direct-mobile constellation with terrestrial networks to expand its presence among U.S. mobile operators. The company also noted that the FCC approved its deployment of 15,000 next-generation mobile communication satellites earlier this week. Trading volumes surged in the window following the news release. Per TradingBeats monitoring, based on the seller’s 04:17 announcement, the price of SPCX perpetual contracts on Hyperliquid rebounded from $160.89 to $164.54 in the four hours after, a rise of around 2.27%. The first hour saw a trading volume of roughly $23.57 million, up about 174.8% from the $8.58 million in the hour before the announcement. As of press time, SPCX is trading at approximately $165.54. Combined with the disclosure that Trump purchased senior unsecured notes from SpaceX, this has pushed the near-24-hour trading volume to exceed $205 million, with open interest hitting $124 million over the same period.
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