SpaceX Spectrum Deal, TSMC Revenue, and Applied Digital Earnings Drive Market Focus
Space Exploration Technologies Corp (SPCX) announced plans to acquire low-frequency wireless spectrum from Grain Management to expand indoor mobile coverage for Starlink Mobile. The transaction covers up to 14 MHz in the 800 MHz band, enabling satellite signals to penetrate building walls and supplement existing data capacity. SpaceX shares rose 2.2% over the week.
Taiwan Semiconductor Manufacturing Co. (TSM) reported September 2026 revenue of NT$511.86 billion ($16.04 billion), representing a 54.6% year-over-year increase ahead of its third-quarter earnings report scheduled for Oct. 15. Meanwhile, Applied Digital (APLD) reported fiscal first-quarter 2027 revenue of $341.9 million, up 322% from last year and topping market expectations, though its shares declined 6.7% during the week.
Elsewhere in the tech sector, Amazon (AMZN) gained 4.3% weekly after cutting under 1,000 jobs across global operations and holding talks for a potential $7 billion purchase of artificial intelligence startup Decart. Tesla (TSLA) advanced 3.2% as September sales of China-built vehicles reached 95,366 units, maintaining an 11-month streak of annual growth.
Key points
- SpaceX agreed to acquire wireless spectrum from Grain Management to bolster Starlink Mobile indoor phone signal coverage.
- TSMC posted September revenue of NT$511.86 billion, up 54.6% from the prior year, ahead of its Oct. 15 earnings release.
- Applied Digital generated $341.9 million in quarterly revenue, up 322% year-over-year and easily beating market forecasts.
- Amazon shares rose 4.3% following targeted job cuts and reported discussions to buy AI startup Decart for $7 billion.
- Tesla sold 95,366 China-made vehicles in September, continuing an 11-month trend of year-over-year sales gains.
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How we writeDisclaimerQuestions and answers
Why did SpaceX acquire wireless spectrum from Grain Management?
SpaceX acquired up to 14 MHz of 800 MHz spectrum to enhance indoor cellular coverage and eliminate weak signal areas for Starlink Mobile, combining satellite connectivity with ground infrastructure.
When will TSMC report its third-quarter earnings?
TSMC is scheduled to report its third-quarter financial results on Oct. 15, following September revenue of NT$511.86 billion.
How did Applied Digital perform in its recent quarter?
Applied Digital reported fiscal first-quarter revenue of $341.9 million, a 322% year-over-year increase driven by its AI data center business, beating market expectations with an adjusted loss of $0.01 per share.