Today is Friday, October 9, 2026.
The Early Bird Index today is 89.95.
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SpaceX vs. Big Telecom 📡
Telecommunications stocks tumbled in after-hours trading on Thursday after SpaceX $SPCX ( ▼ 4.2% ) announced a plan to acquire a spectrum license, boosting its Starlink service.
Details: SpaceX purchased all of Grain Management’s nationwide 800 MHz spectrum portfolio on Thursday. If the FCC approves the deal to buy the low-band spectrum portfolio, it could pave the way for Starlink to become a major mobile carrier in the United States.
Quote: “This new low-band spectrum will provide a coverage layer that ensures Starlink Mobile’s signal penetrates through obstacles, such as walls, and can provide service to customers’ devices even when they are in buildings.” - SpaceX.
Stock Impact: While SpaceX’s stock jumped 2.32% in after-hours trading on Thursday, it was a different story for the major telecom players. T-Mobile $TMUS ( ▲ 2.18% ) fell 6.63%, AT&T $T ( ▲ 1.64% ) fell 6.51%, and Verizon $VZ ( ▲ 1.27% ) fell 5.85%.
Background: Earlier this week, SpaceX received authorization from the FCC to build a new satellite constellation that can link directly to ordinary phones.
Early Bird’s Nest Egg Gains: AT&T, Verizon and T-Mobile face meaningful longer-term pressure, but the spectrum deal is not an immediate threat to their core wireless businesses.
It does not yet give SpaceX a network that can match the incumbents’ capacity and reliability.
Final Thoughts: SpaceX’s stock was still below its IPO price before Thursday's announcement.
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Notables
Notable Earnings Today: Delta Air Lines (NYSE: DAL), New Horizon Aircraft (Nasdaq: HOVR).
Notable IPOs Today: AI OKTO CORP. Common Stock (Nasdaq: AIOK), TRex Bio, Inc. Common Stock (Nasdaq: TRXB).
Notable Equity Crowdfunding Campaigns Ending Today: Posterity Films 2 (Honeycomb Credit).
Notable Economic Events Today: Michigan Consumer Expectations / Sentiment (10:00 a.m. ET), WASDE Report (12:00 p.m. ET).
Humana's New Medicare Score
Humana $HUM ( ▼ 2.37% ) surged 12.76% in after-hours trading on Thursday after the health insurance company saw an increase in its Medicare Advantage Star Rating.
Details: On Thursday, the Centers for Medicare and Medicaid Services boosted Humana’s Medicare Advantage Star Rating to 4 stars from 3.5 stars.
Also: Meanwhile, CVS Health $CVS ( ▼ 0.17% ) saw a rating decrease to 3.5 stars from 4 stars. The stock fell 3.04% in after-hours trading.
Final Thoughts: Humana’s stock was already up 46% this year. Shares of CVS were up 9.57% this year.
Solana’s Thursday Slump
Thursday witnessed a broad cryptocurrency selloff. Among the major cryptos, Solana $SOL ( ▼ 4.09% ) saw the biggest decline on Thursday, with a drop of roughly 6%.
Details: Solana ETFs (exchange-traded funds) saw big outflows.
Powering the Story: Rising oil prices and elevated Treasury yields caused crypto prices to fall on Thursday.
Final Thoughts: Solana is down nearly 12% this year.

Trends to Watch
Guacaccino: Chipotle stock pops on a report of a possible takeover by Starbucks (Business Insider)
Mega IPO Gone: Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility (CNBC)
Tokenization: Securitize Brings Nvidia, Apple and Amazon Onchain With Tokenized Stocks on Solana (Decrypt)
October Surprise: Apple Set to Debut Touch-Screen MacBook and New iPad Mini in Late October (Bloomberg)
Coffee for Sale: Coca-Cola looks to sell Costa Coffee (Semafor)
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