SpaceX plans to enter the telecommunications market! Inclusion in the Nasdaq index is imminent, with investment banks setting a target price of $250.

Insiders say SpaceX and Charter have initiated a strategic cooperation on a mobile-phone operating strategy, moving into the telecom market by combining satellite and terrestrial models, after an investment bank raised its target price to $250.

According to market insiders, Elon Musk’s space exploration technology company, SpaceX, and Charter, the largest U.S. home internet provider, have begun high-level negotiations. The plan is to carry out strategic cooperation in consumer mobile phone services. This move will greatly advance SpaceX’s strategy to provide mobile communications services directly to consumers and further challenge America’s traditional telecom leader. At the same time, Wall Street investment bank Oppenheimer has recently issued an extremely optimistic rating on SpaceX, raising its SPCX target price to $250. SpaceX was added to the Russell Index on 6/26, and will be added to the Nasdaq Index on 7/7.

Report: SpaceX to Partner with Charter to Enter Mobile Telecom Services

Insiders noted that Charter, as the largest home internet operator in the United States, operates its Spectrum Mobile primarily by leasing infrastructure from traditional telecom carriers and routing most traffic to its own Wi-Fi network. Under the proposed cooperation arrangement, Charter is expected to use its terrestrial network to help SpaceX offload communication traffic for its Starlink Mobile service. This “satellite-plus-terrestrial” hybrid model can effectively ease bandwidth pressure on satellite networks in densely populated areas.

According to a report by Bloomberg, SpaceX has shown investors its plan to provide mobile services directly to consumers. Currently, the company’s main profits still come from its Starlink home internet, while its mobile service is only offered at a price of $10 per month as an add-on for T-Mobile users to send SMS and make internet calls in remote areas. SpaceX President Gwynne Shotwell recently predicted in a media interview that the number of mobile Starlink users in the future will far exceed that of home broadband users.

To achieve its goal of direct-to-retail mobile communications, in addition to the existing satellite spectrum, SpaceX is actively acquiring terrestrial mobile spectrum. After purchasing related spectrum from EchoStar last year, SpaceX recently also won bids in the Federal Communications Commission (FCC) AWS-3 spectrum auction. Meanwhile, after Charter merged with Cox Communications recently, its user base grew by more than 20%. Its large subscriber scale and terrestrial network make it an ideal partner for SpaceX’s expansion plans.

Oppenheimer Raises SpaceX Target Price to $250

Wall Street’s well-known investment bank Oppenheimer recently significantly raised SpaceX’s stock target price from $190 to $250 and issued an “Outperform” rating. Analyst Timothy Horan said that after SpacrX’s acquisition of Cursor, revenue visibility improved, placing SpaceX in a uniquely advantageous position across the entire artificial intelligence sector. In addition, Starlink will gain hundreds of millions of users through expanding broadband and mobile capacity, as well as through vertical integration in AI hardware, data, and applications.

SpaceX Included in Russell Index on 6/26, Joins Nasdaq Index on 7/7

After the market close on Friday, June 26, 2026, FTSE Russell officially included SpaceX in its Russell U.S. Indexes, including the flagship blue-chip benchmark Russell 1000 Index. At the same time, the Nasdaq exchange also confirmed that SpaceX will officially be added to the Nasdaq-100 Index on July 7, 2026. Because both of these major indices are benchmarks widely tracked by global passive funds, this rapid inclusion mechanism (Fast Entry) is expected to drive the inflow of automatically allocated funds totaling tens of billions of dollars.

• This article is republished with authorization from: 《Chain News》
• Original title: 《SpaceX plans to enter the telecom market; index inclusion is imminent; investment bank raises target price to $250》
• Original author: Florence