# SPCX Trading Volume Tops $205 Million After SpaceX Spectrum News By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/28748 Published: 2026-10-09T06:02:36.000Z Updated: 2026-10-09T06:02:36.000Z Section: Investing > The Hyperliquid perpetual contract rebounded 2.27% over four hours after the Oct. 8 announcement, while open interest reached about $124 million. Trading volume for the SPCX perpetual contract on Hyperliquid reached about $205 million over 24 hours after SpaceX announced plans to acquire Grain Management’s nationwide 800 MHz low-band spectrum portfolio. The proposed transaction covers up to 14 megahertz of paired spectrum and still requires approval from the Federal Communications Commission. SpaceX plans to combine satellite-to-phone connectivity with terrestrial wireless networks to expand Starlink Mobile’s coverage. The announcement came at 4:17 p.m. ET (20:17 UTC) on Oct. 8. Over the next four hours, the contract price rebounded from $160.89 to $164.54, a gain of about 2.27%. First-hour trading volume reached roughly $23.57 million, compared with $8.58 million during the hour before the announcement. SPCX was trading at about $165.54 when the figures were recorded, while open interest stood at approximately $124 million. The 24-hour volume reading also came alongside disclosure that Donald Trump had purchased SpaceX senior unsecured notes. The spectrum plan follows SpaceX’s broader push into wireless connectivity. [SpaceX’s spectrum deal]() would add mobile spectrum licenses held by Grain Management to the company’s telecommunications assets. ## Links in this article - [SpaceX’s spectrum deal](https://www.tokenpost.com/news/business/28672)