SpaceX shares rise premarket on spectrum-license deal
Space Exploration Technologies shares climbed premarket after a deal for cellular spectrum licenses, positioning the company as a wireless carrier.
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By WSJ Staff Space Exploration Technologies (SPCX): Shares in Elon Musk's rockets-and-AI company climbed premarket after the company struck a deal for cellular spectrum licenses in a big play to become a wireless carrier. S. cellphone carrier stocks sank sharply premarket on news of competition with SpaceX. Delta Air Lines (DAL): The company will report its results this morning, shedding light on how the sector is holding up against rising jet-fuel prices.
The shares ticked up ahead of the bell. S. government improved its rating for the company's Medicare Advantage plans, putting it in line for more bonus payments. Nvidia (NVDA), Oracle (ORCL), CoreWeave (CRWV): Stocks riding the AI boom gained ground premarket.
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