--- title: "Jim Cramer Calls Elon Musk Acquiring Lower Frequency Spectrum 'HUGE' for SpaceX; Chamath Palihapitiya Says It's A 'Very Big Deal'" type: "News" locale: "en" url: "https://longbridge.com/en/news/301357497.md" description: "SpaceX acquired nationwide 800 MHz spectrum from Grain Management, a move Jim Cramer and Chamath Palihapitiya hailed as significant. Gene Munster suggested this could enable a SpaceX smartphone threatening Samsung more than Apple. The low-band spectrum aims to boost Starlink Mobile's signal penetration. Following the news, SpaceX shares rose 2.32%, while major carriers like AT&T, Verizon, and T-Mobile saw sharp declines in after-hours trading." datetime: "2026-10-09T04:36:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301357497.md) - [en](https://longbridge.com/en/news/301357497.md) - [zh-HK](https://longbridge.com/zh-HK/news/301357497.md) generator: "portal-rs" --- # Jim Cramer Calls Elon Musk Acquiring Lower Frequency Spectrum 'HUGE' for SpaceX; Chamath Palihapitiya Says It's A 'Very Big Deal' On Thursday, **Jim Cramer** and **Gene Munster** weighed in on **Space Exploration Technologies Corp.’s** (NASDAQ:SPCX) latest spectrum acquisition, with the latter suggesting the deal could eventually pave the way for an **Elon Musk**-backed smartphone. ## **Jim Cramer, Chamath Palihapitiya React to SpaceX Deal** SpaceX announced an agreement to acquire a nationwide portfolio of 800 MHz wireless spectrum from **Grain Management** for an undisclosed amount. Cramer reacted to the announcement on X, saying, "HUGE." > HUGE https://t.co/NSFWghzqoG > > — Jim Cramer (@jimcramer) October 8, 2026 **Social Capital founder** and venture capitalist **Chamath Palihapitiya** also highlighted the significance of the transaction, calling it "a very big deal." > This is a very big deal. https://t.co/XkDRmOHfBF > > — Chamath Palihapitiya (@chamath) October 8, 2026 **Read Also: Elon Musk’s SpaceX Gets Green Light from Trump's FCC for 15,000 Starlink Satellites: Here’s What Comes Next** ## **Gene Munster Sees Potential SpaceX Smartphone** **Deepwater Asset Management** managing partner Munster suggested the acquisition could eventually support a SpaceX-branded smartphone. "Elon says he doesn’t want to make a phone. I still think \[$SPCX\] eventually will," Munster wrote on **X**. Munster argued that a vertically integrated smartphone connected to Starlink’s mobile network could offer features traditional carriers cannot match, potentially alongside cheaper wireless service. He suggested such a product could pose a greater competitive threat to **Samsung Electronics Co.** (OTC:SSNLF) than **Apple Inc.** (NASDAQ:AAPL). "That’s a bigger problem for Samsung than Apple. $AAPL ’s device and services tie-in is harder to break," Munster wrote. ## **How the Spectrum Deal Could Boost Starlink Mobile** In a statement announcing the agreement, SpaceX said the acquisition would address a key technical limitation as **Starlink Mobile** seeks to become a major U.S. wireless carrier. The company said the low-band spectrum could improve signal penetration through walls and other obstacles, potentially expanding mobile connectivity. The transaction remains subject to final Federal Communications Commission approval. **Telecom Stocks Slide After Hours** Following the announcement, SpaceX shares rose 2.32% to $164.30 in after-hours trading Thursday, according to Benzinga Pro. Meanwhile, major wireless carriers’ shares declined sharply after hours. **AT&T Inc.** (NYSE:T) fell 6.51%, **Verizon Communications Inc.** (NYSE:VZ) dropped 5.85%, and **T-Mobile US Inc.** (NASDAQ:TMUS) slid 6.63%. According to **Benzinga Edge Stock Rankings**, SpaceX maintains positive short-, medium- and long-term price trends. ***Disclaimer:*** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* **See More: Top Growth Stocks** *Photo courtesy: katz / Shutterstock.com* ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [DSPC.US](https://longbridge.com/en/quote/DSPC.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPCG.US](https://longbridge.com/en/quote/SPCG.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCM.US](https://longbridge.com/en/quote/SPCM.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [YSPC.US](https://longbridge.com/en/quote/YSPC.US.md) ## Related News & Research - [SpaceX to buy key spectrum that could help Starlink Mobile become major US cell carrier](https://longbridge.com/en/news/301420428.md) - [Elon Musk just delivered great news to SpaceX investors and bad news to traditional telecom investors](https://longbridge.com/en/news/301432230.md) - [3 reasons SpaceX stock is taking off today](https://longbridge.com/en/news/301411574.md) - [T-Mobile vs. Verizon: Wall Street Sees Only One Stock as Strong Buy After Today's Plunge](https://longbridge.com/en/news/301421329.md) - [SpaceX spectrum deal sends Deutsche Telekom shares falling 7%](https://longbridge.com/en/news/301377955.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**