Elon Musk Signals SpaceX Openness to Major Telecom Acquisition, Shares Rise 8.62%

SpaceX is open to acquiring a major telecommunications company as it expands plans to challenge wireless carriers such as Verizon and T-Mobile. Speaking with billionaire investor Ron Baron, Elon Musk highlighted that SpaceX's spectrum licenses provide significant runway to advance its wireless connectivity ambitions, with potential acquisitions poised to expand its reach. The strategy supports SpaceX's plan to launch an integrated satellite and terrestrial wireless service targeted for early 2028. Following Musk's remarks, SpaceX shares gained 8.62%, reflecting investor enthusiasm for its broadening commercial footprint beyond launch logistics.