SpaceX Stock Rebounds Nearly 4% as Reported $8 Billion Spectrum Deal Rattles Telecom Stocks

Space Exploration Technologies (NASDAQ: SPCX) shares rose nearly 4% to $166.80 in Friday premarket trading after the company agreed to acquire nationwide wireless spectrum licenses from Grain Management in a deal reportedly valued at approximately $8 billion. The advance recovered most of Thursday’s 4.19% decline, which had left the stock at $160.57.

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