SpaceX Expands Starlink Plan as Tech Stocks Gain Attention

SpaceX, Taiwan Semiconductor Manufacturing Co., Amazon, Applied Digital and Tesla attracted investor attention last week as companies announced technology deals, financial results and infrastructure plans. The developments covered wireless spectrum, AI data centers, chip demand and electric vehicle sales trends.

SpaceX said it plans to acquire wireless spectrum from Grain Management to improve Starlink Mobile coverage indoors and in areas with weak signals. The deal covers up to 14 MHz of spectrum in the 800 MHz band, according to Stocktwits.

Elon Musk described the purchase as an important step for SpaceX’s mobile strategy.

"The last critical piece of the spectrum puzzle" said Elon Musk, CEO of SpaceX.

The lower-frequency signals are designed to pass through walls and work with existing Starlink spectrum. SpaceX plans to combine satellite and ground-based systems after regulatory approval to offer mobile service.

JPMorgan said the spectrum purchase could improve indoor coverage and maintained its Overweight rating on SpaceX. The firm noted SpaceX may need additional network infrastructure or partnerships to compete with traditional wireless providers.

Taiwan Semiconductor Manufacturing Co. reported September 2026 revenue of NT$511.86 billion, or about $16.04 billion, according to company data cited by Stocktwits. Revenue increased 54.6% year over year but declined 0.6% from August.

Citi analyst Laura Chen raised TSMC’s price target to NT$4,000 from NT$3,800 and maintained a Buy rating ahead of the company’s third-quarter results scheduled for Oct. 15. TSMC shares fell 4% during the week.

Applied Digital reported fiscal first-quarter 2027 revenue of $341.9 million, a 322% increase from the previous year. According to Fiscal.ai data cited by Stocktwits, revenue exceeded analyst expectations of $124.57 million.

Applied Digital’s high-performance computing hosting business generated $262.6 million, while its data center hosting business contributed $37.8 million. The company reported an adjusted loss of $0.01 per share.

Amazon shares rose 4.3% during the week as the company reduced fewer than 1,000 jobs across operations in the U.S., India and U.K. The cuts affected retail, customer service and engineering teams, according to Stocktwits.

Amazon was also reported by Reuters to be changing leadership in its Alexa division and discussing a possible acquisition of AI startup Decart valued at about $7 billion. Earlier reports also highlighted Amazon’s AI chip and power investments.

Tesla sold 95,366 China-manufactured vehicles in September, extending its year-over-year sales growth streak to 11 months despite lower global third-quarter deliveries. The company also changed a self-driving label on European websites.

Tesla replaced the Full Self-Driving label with Tesla Assisted Driving following criticism from German officials over possible driver confusion. Tesla shares gained 3.2% during the week.

SpaceX also announced a planned rename of its AI unit from SpaceXAI to SpaceXSI, using the term super intelligence instead of artificial intelligence. Musk did not provide a timeline for the change.

Meta Platforms introduced Ray-Ban Meta Audio glasses weighing 43 grams with music, calls and hands-free AI features lasting up to 12 hours per charge. The company also announced the Muse AI assistant for its glasses.

According to The Information, Muse reached more than 3 million weekly users who send at least one prompt. Meta shares fell 3% during the week.