Qualcomm is trading 4.85% up now at $172.41 after SpaceX agreed to use its technology for Starlink Mobile’s planned U.S. terrestrial 5G network.
- Deployment is expected to begin in 2027, and Qualcomm called it its biggest 5G deal yet.
- The agreement covers Dragonwing platforms, radio equipment, baseband units and software; financial terms were not disclosed.
- The gain stood out amid reported semiconductor-sector weakness as Qualcomm expands beyond its traditional smartphone focus.