J-Range

SpaceX has just officially received FCC approval to acquire three additional spectrum licenses from Tristar to expand its upcoming next-gen @Starlink Mobile network. The licenses cover 15 MHz of spectrum in the 1695–1710 MHz band. The FCC also granted waivers allowing SpaceX to use the spectrum for satellite communications instead of building traditional cell towers. This approval comes just two weeks after SpaceX announced an agreement to acquire nationwide 800 MHz low-band spectrum to improve indoor coverage and outlined plans to combine its satellite constellation with terrestrial infrastructure. Starlink Mobile will become the first network operator to deploy both satellite and terrestrial spectrum: "One network that provides Americans with a reliable service indoors, outdoors, in cellular dead zones, and everywhere in between."

Morgan Stanley’s Adam Jonas in new @SpaceX note: “Getting other people to pay for your own compute infrastructure that you will ultimately use to train your own robots is a good idea. We see the neocloud build as more of a 'funding strategy' where SpaceX can exploit its comparative advantages in maximizing intelligence-per-watt-per-$-per-second relative to peers. We agree with Elon that the Physical Intelligence Economy (PIE) is economically multiplicative - if not by an order of mag. We believe $SPCX’s ability to help improve the rather challenging PR image of the AI/SI trade is quite under-appreciated today. SpaceX is undergoing a metamorphosis largely undetected by a stock market that still views the company as a neocloud with exo-atsmospheric chops, and not a vertically-integrated, full-stack AI player.”

Morgan Stanley's Adam Jonas in new @SpaceX note: "The part of the SpaceX story that we believe holds the greatest growth potential, and that is being largely ignored/not contemplated by investors, is the Distributed Inference Cloud. Investors are already witnessing some degree of corporate/regulatory/social angst toward data centers. We see SPCX's efforts as instrumental in helping to get the Super Intelligence Economy and the Physical Intelligence Economy on the next leg of growth and economic development. As the 'density' of physical agents increases, we expect incrementally greater intelligence capability of the collective mobile swarm. We ask investors to be prepared to hear about the Distributed Inference Cloud and physical AI swarms in the coming year. From our seat, we think this subject is very close to breaking out in the investor discussion. Gradually… then suddenly."

This upcoming week: • Monday: Starship flight 14 (first orbital launch) • Thursday: Falcon 9 launching Crew-13 to ISS • Thursday: Tesla Roadster unveiling • Thursday: Falcon Heavy launching classified National Reconnaissance Office payload • Friday: Tesla Q3 delivery report