Quick Read – Apple shares rose 1.7% on the SpaceX phone rumor, but Musk explicitly targets the $26.6B App Store as the real motivation for a proprietary OS. – SpaceX’s 7.3% drop masked a bigger story: FCC-approved spectrum, Starlink retail wireless, and the xAI merger form a…
mplete stack to rival Apple’s ecosystem. – Apple’s July 30 earnings will look strong, but won’t reveal whether OpenAI, Microsoft, and SpaceX are quietly building the infrastructure to route around the App Store. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn’t make the cut. Grab the names FREE today
Shares of Apple (NASDAQ:AAPL) rose 1.7% on July 1, 2026, the day the Wall Street Journal reported that SpaceX had shown IPO investors a prototype handset: slimmer than an iPhone, running a proprietary operating system, powered by a Qualcomm Snapdragon chip, and deeply integrated with xAI’s Grok. Elon Musk called the story “utterly false” on X, then apparently deleted the post. Meanwhile, SpaceX (NASDAQ:SPCX) fell 7.3%, briefly wiping more than $50 billion from Musk’s net worth.
The market’s verdict on Apple was clear: not our problem. That verdict looks wrong. The Denial Pattern This is at least the third time Musk has denied building a phone.