Space Exploration Technologies Corp. (NASDAQ:SPCX) is doubling down on its satellite connectivity goals as the Elon Musk-led company is preparing to launch its second-generation Direct-to-Device (D2D) service in the third quarter of 2027, according to filings with the Canadian government on Monday.
Natively Supported Devices
The company had earlier partnered with Canadian Telecom company Rogers Communications Inc. (NYSE:RCI) in 2025 to launch Starlink’s first-gen system in the country, which is currently delivering supplemental messaging via five MHz spectrum, the company said in the filing.
SpaceX also said that its acquisition of EchoStar’s 2 GHz spectrum rights will fuel the Gen2 V2 satellites, promising speeds over 20 times faster and a 100x capacity increase, which will help enable full 5G cellular connectivity. SpaceX plans to launch initial data services by Q3 2027, followed by voice months later.
The company also said that it expects natively supported devices from Apple Inc. (NASDAQ:AAPL), Samsung Electronics Co. Ltd. (OTC:SSNLF) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) in late 2027, with full global polar coverage targeted by late 2028. SpaceX confirmed it will offer non-exclusive service access across all interested mobile carriers.
SpaceX’s Earnings Call
The news comes as SpaceX is gearing up to host its first-ever earnings call on Tuesday, since going public in June this year. However, the company’s stock has since dropped to below its IPO price of $135/share. Wealth manager Charlie Bilello, commenting on SPCX’s decline, said that the company’s stock got a “reality check” most IPOs suffer from.
Investor Ross Gerber, the co-founder of Gerber Kawasaki, said that the upcoming SpaceX earnings call can be exciting for Tesla Inc. (NASDAQ:TSLA) investors too, as they get to hear from Musk twice every quarter.
Price Action: SpaceX shares surged 1.19% to $115.90 during pre-market trading on Tuesday. At market close, SPCX was trading at $114.53 per share.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.
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