Good morning.
That’s a wrap on another week. It’s Friday, October 9. Rest up, and we’ll be back Monday.
SpaceX is reportedly paying about $8 billion in cash for nationwide low-band spectrum, and AT&T, Verizon, and T-Mobile each lost about 6% in after-hours trading on the news. Starlink is no longer just selling satellite internet; it is building a phone carrier.
Today we are covering:
SpaceX buys Grain Management’s nationwide 800 MHz spectrum for about $8 billion to build out Starlink Mobile
Apple reportedly cuts iPhone 18 Pro component orders by at least 15% on soft demand
OpenAI defends firing three safety researchers, who say the move is retaliation
