--- title: "β˜•οΈ [Task Coins Giveaway] Daily Market Talk β€” SpaceX's $8B Spectrum Deal Sinks Telcos" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000933154.md" description: "SpaceX is paying about $8B for nationwide spectrum, and US telcos got repriced in one session: AT&T -9.8%, T-Mobile -13%. At home, the banks are bouncing after last week's 5% STI slide. Let's dig in πŸ‘‡..." datetime: "2026-10-12T02:47:29.000Z" locales: - [en](https://longbridge.com/en/topics/100000000933154.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000933154.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000933154.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # β˜•οΈ [Task Coins Giveaway] Daily Market Talk β€” SpaceX's $8B Spectrum Deal Sinks Telcos SpaceX is paying about **$8B** for nationwide spectrum, and US telcos got repriced in one session: AT&T **-9.8%**, T-Mobile **-13%**. At home, the banks are bouncing after last week's **5%** STI slide. Let's dig in πŸ‘‡ **πŸ’¬ SpaceX wants to be America's fourth carrier: buying the telco dip, or only SpaceX?** ## πŸ“Š Quick Recap β€” What Moved & Why ### πŸ‡ΊπŸ‡Έ US β€” Starlink Comes Down to Earth **πŸ”‘ Key Event:** $SpaceX(SPCX.US) is buying Grain Management's 800MHz licences for about $8B, pending FCC approval, to take Starlink Mobile to the ground. **Carriers took the hit:** $AT & T(T.US) **-9.8%**, its worst day since 2000, $Verizon(VZ.US) **-8.7%**, $T-Mobile US(TMUS.US) **-13%**; SpaceX **+1.3%**. > @Rainwijaya : SpaceX has shown a nice recovery recently, with the price moving higher after spending some time trading sideways; patience seems to be paying off so far. **πŸ‘€ Other to Watch** - $Dow Jones Industrial Average(.DJI.US) β†’ **+0.83%**, its best day since September; $S&P 500(.SPX.US) **+0.59%**, $NASDAQ Composite Index(.IXIC.US) **+0.64%**. - $American Tower(AMT.US) **+9.3%**, $Crown Castle(CCI.US) **+15.6%** as SpaceX may lease towers; $AST SpaceMobile(ASTS.US) **-10.5%**. - $Apple(AAPL.US) β†’ **-1.1%** on a Nikkei report of iPhone 18 Pro order cuts. ### πŸ‡ΈπŸ‡¬ Singapore β€” Banks Bounce Into Earnings Week **πŸ”‘ Key Event:** $FTSE Straits Times Index(STI.SG) is up about **+0.6%** this morning near 5,432, with $UOB(U11.SG) about **+1.4%**, $DBS(D05.SG) **+1.2%** and $OCBC Bank(O39.SG) **+0.9%**, the first bounce since Thursday's rout. **Friday closed** **-0.2%****, down 5% on the week.** > @Fattycat : Short selling across DBS, OCBC and UOB rose 61% in one day to S$696M on October 8; DBS short interest jumped 612%, making it the most shorted stock on the market. **πŸ‘€ Other to Watch** - **S-REITs** β†’ $Lion-phillip S-Reit(CLR.SG) touched a fresh 52-week low this morning; two Mapletree REITs were Friday's worst STI names. ### πŸ‡­πŸ‡° HK/China β€” Alibaba Leads a Second Day Up **πŸ”‘ Key Event:** $Hang Seng Index(00HSI.HK) is up about **+0.5%** this morning near 24,330 after Friday's **+1.79%**, with $BABA-W(09988.HK) about **+1.9%**; $XIAOMI-W(01810.HK) is giving back **-3.2%** after Friday's **+9.7%** on 70,000 car orders. > @Fattycat : Xiaomi's Sky Nomad series drew more than 70,000 firm orders in its first month, and September deliveries passed 40,000; the big question is whether all these numbers can translate into profit. ### 🌍 Other to Watch - πŸ›’οΈ Brent is slipping toward $103 after Trump announced a Russia-Ukraine "energy ceasefire" neither side has confirmed; Houthi strikes hit Riyadh's airport over the weekend. - πŸͺ™ Gold is holding near $4,190. ## πŸ“… Upcoming Key Events | **When (SGT)** | **What** | | -------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Mon 12 Oct** | πŸ‡ΊπŸ‡Έ Columbus Day, bond market closed | | **Tue 13 Oct** | **πŸ‡ΊπŸ‡Έ** $JPMorgan Chase(JPM.US)**,** $Citigroup(C.US)**,** $Goldman Sachs(GS.US)**,** $Wells Fargo(WFC.US) **results, before US open** πŸ‡ΊπŸ‡Έ $Apple(AAPL.US) "Welcome Home" event, 1am Wed | | **Wed 14 Oct** | **πŸ‡ΊπŸ‡Έ September CPI, 8:30pm** πŸ‡ΊπŸ‡Έ BofA, Morgan Stanley, BlackRock and ASML results **πŸ‡ΊπŸ‡Έ Anthropic pre-IPO investor day** | | **Thu 15 Oct** | $Taiwan Semiconductor(TSM.US) **Q3 results** πŸ‡ΊπŸ‡Έ PPI and retail sales, 8:30pm | | **Fri 16 Oct** | πŸ‡ΊπŸ‡Έ Fed's Warsh at IMF | πŸ‘‡ Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates Β· ⏰ Deadline: Oct 12, 2026, 11:59 PM SGT Not investment advice, just market talk πŸ™ ### Related Stocks - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [A17U.SG](https://longbridge.com/en/quote/A17U.SG.md) - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [CCI.US](https://longbridge.com/en/quote/CCI.US.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [T.US](https://longbridge.com/en/quote/T.US.md) - [TMUS.US](https://longbridge.com/en/quote/TMUS.US.md) ## Comments (51) - **NewUser_zS0M8w Β· 2026-10-12T15:17:57.000Z**: JP Morgan is reporting earnings tomorrow pre-market and I am all in for it. JP Morgan has been the benchmark alongside other prominent banks like Goldman Sachs in US and their latest results can give us a brief overview of what to expect for the banking sector following the interest rate hikes and m - **NewUser_oPJWOU Β· 2026-10-12T15:08:21.000Z**: SG banks looked to consolidate now after the huge short selling last week upon the commencement of smaller board lot size trading and the downgrade of OCBC by Citi analyst, which triggered a domino effect. A healthy correction, in my opinion, which also gives investors opportunities to accumulate mo - **Vt3 Β· 2026-10-12T10:14:57.000Z**: πŸ“ŒπŸ‡ΈπŸ‡¬ So I am right bouncing πŸ€ right back b4 the next factsheet - **ζ–°η”¨ζˆ·_vnHGP Β· 2026-10-12T08:15:58.000Z Β· πŸ‘ 1**: Awesome - **TheRaccoonAnalysis Β· 2026-10-12T08:03:15.000Z Β· πŸ‘ 1**: SpaceX’s proposed $8 billion acquisition of 800MHz spectrum licences could strengthen Starlink Mobile’s ability to compete directly with traditional mobile carriers, subject to FCC approval. The sharp sell-off in AT&T, Verizon and T-Mobile reflects concerns over future market share, pricing powe - **koolgal Β· 2026-10-12T06:37:54.000Z Β· πŸ‘ 2**: US Big Banks Report This Week🌟🌟🌟The ultimate financial reality show returns on Tuesday October 13 as $JPMorgan Chase(JPM.US)$Goldman Sachs(GS.US)$Citigroup(C.US)and $Wells Fargo(WFC.US)report their latest Q3 26 earnings. This is followed by $Bank of America(BAC.US)and $Morgan Stanley(MS.US)on Wedne - **Vt3** (2026-10-12T08:13:44.000Z): Woah SG banks not big enough for you meh? - **Vt3** (2026-10-12T08:14:34.000Z): It is a never ending bank game there too! - **koolgal** (2026-10-12T10:22:36.000Z): There is something about banks that draws me like a magnet.🧲🧲🧲 - **Ally Β· 2026-10-12T06:29:06.000Z Β· πŸ‘ 1**: I’m curious if SpaceX will be able to dominate the telco market in the US. Telco companies like Verizon, t mobile and AT&T have been operating in the US for decades - **Fattycat** (2026-10-12T09:12:42.000Z): Very tough for SpaceX. Not easy. Very politics country 🫒 - **The Β· 2026-10-12T06:11:36.000Z Β· πŸ‘ 1**: SpaceX rises out of other US Stocks due to buying Grain Management’s 800MHz licenses. But o disagree to take Starlink Mobile to the ground. Besides SpaceX, Dow Jones Industrial Average, S&P 500, Nasdaq, American Tower, and Crown Castle also increase.Local Straits Times and banks’ stocks go up. H - **NewUser_ThinkSwim Β· 2026-10-12T05:42:42.000Z Β· πŸ‘ 1**: Generally investors would be worried about the high debt or usage of debt to make the growth of companies which is one of the topics in the news recently. As earnings are upcoming, the weeks ahead will be volatile for all companies. The companies with high free cash flow and low operating costs will - **Fattycat** (2026-10-12T09:11:40.000Z): Very true. Investors are worried about debt levels right now. Earnings weeks ahead look volatile.Companies with strong free cash flow should fare much better than those running negative cashflow.πŸ‘πŸ˜˜ - **Captain Leo** (2026-10-12T11:07:52.000Z): Sorting names by FCF going into earnings, instead of by last week's move, is a filter anyone here can copy this season. - **dingdongbell Β· 2026-10-12T05:29:17.000Z Β· πŸ‘ 1**: Some tech events are going on this week with Optics, Apple and the bell-weather of Tech, TSM, as well reporting later in the week. Might see some tech names do well if TSM posts good numbers. - **Fattycat** (2026-10-12T09:10:26.000Z): Market expectations keep rising. Simply delivering solid numbers is no longer enough πŸ˜ͺ investors wants big surprises πŸ˜† - **Heroic Lifesaver Β· 2026-10-12T05:25:39.000Z Β· πŸ‘ 1**: Earnings season kicks off with the financial institutions this week before TSM reports results which will be key IMO for tech and the market’s general direction. - **NewUser_CkrdqW Β· 2026-10-12T05:14:06.000Z Β· πŸ‘ 1**: Wed's CPI and Thursday's PPI πŸ‘€. I'll be looking forward to TSM after the recent pullback following a new 52 weeks high. My early prediction is that the earnings will be great enough for a slight bullish momentum. - **Fattycat** (2026-10-12T09:06:32.000Z): Any wild guess for coming CPI? I believe it going to be β€œHot potatoesβ€πŸ˜† - **Valenxis Β· 2026-10-12T04:52:19.000Z Β· πŸ‘ 1**: sg market is actually weak after banks selloff last week. defensive stocks like SS also falling now. but sti green cos heavily weight banks rebounded. haha - **Fattycat** (2026-10-12T05:04:36.000Z): Yes expected. Tomorrow will be red or flat. Wednesday is CPI. - **LazyCat Β· 2026-10-12T04:50:31.000Z Β· πŸ‘ 1**: The disruption to Telco by SpaceX is not a don't deal and the market is already selling down the Telcos. If the likelihood of spaceX succeeding is high or certain, this price movement is the clearest indication of how market expectations. If not, it's just a matter of selling on rumour to wash out t - **LazyCat** (2026-10-12T06:15:24.000Z): *typo - done deal and not don't deal 😞 - **koolgal** (2026-10-12T10:38:26.000Z): The market is normally trigger happy. - **LazyCat** (2026-10-12T10:59:52.000Z): yeah, sell first ask questions later - **Vt3 Β· 2026-10-12T04:46:27.000Z Β· πŸ‘ 2**: πŸ“ŒπŸ‡ΊπŸ‡Έ Few stocks worth watching later ! - **FaithAnchor Β· 2026-10-12T04:34:16.000Z Β· πŸ‘ 2**: $American Tower(AMT.US)American Tower is bouncing on hopes that SpaceX’s telecom ambitions could boost demand for wireless infrastructure. The irony? Even as satellite connectivity threatens traditional telcos, it could create new opportunities for tower owners. Is this the start of a recovery, or j - **Fattycat Β· 2026-10-12T04:17:39.000Z Β· πŸ‘ 1**: Short sellers are back again after Friday rally.🫣 - **Tiffany lover Β· 2026-10-12T04:13:02.000Z Β· πŸ‘ 1**: $SpaceX(SPCX.US) spent approximately $8bn to acquire Grain Management's 800MHz license; once approved by the FCC, it will bring Starlink Mobile to the ground.Other operators are currently taking a hit, and all telecom companies face the risk of being phased out. Meanwhile, this will further impact r - **Fattycat Β· 2026-10-12T04:12:55.000Z Β· πŸ‘ 2**: The Singapore government appears keen to support mid and small-cap stocks.Over recent years I have noticed that MAS and MOF have rolled out several targeted measures. Their aim was to address the structural valuation discounts and poor liquidity on our local exchange. And they focus falls heavily on - **koolgal** (2026-10-12T10:37:16.000Z): Great idea to look at these small and medium size companies. Maybe can find bargains.πŸ€” - **pineapplesoda Β· 2026-10-12T04:04:23.000Z Β· πŸ‘ 1**: Inevitable that telco will sink . Soon SpaceX will enter all other markets - **Fattycat** (2026-10-12T05:05:47.000Z): Sooner or later. Everyone hate Elon musk 🀭. Technology disruptor 🀭 --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**