US Stock Market Move | Charter Communications (CHTR.US) surged more than 15%, with reports that the company will establish a partnership with SpaceX.

On Monday, Charter Communications (CHTR.US) surged more than 15% at the opening, while SpaceX (SPCX.US) opened high but fell back, now down 0.4%, cumulatively dropping 20% from its peak. According to media reports citing informed sources, there have been high-level discussions between executives of SpaceX, the American super tech giant focused on "AI + space exploration" founded by Musk, and the American communication infrastructure giant Charter Communications. The discussions aim to establish a cooperative relationship, with a focus on launching mobile communication services for consumers in the US. The strategic significance of this potential collaboration is not just to add a mobile phone product to SpaceX's Starlink, but to transition SpaceX from a "satellite broadband service provider" to a "integrated communication operator of heaven and earth". Sources familiar with the matter stated that a potential deal would pave the way for Elon Musk's rocket launch and AI technology company to transmit some of its mobile phone traffic through Charter Communications' terrestrial internet infrastructure. As private negotiation details have not been disclosed, these sources have requested anonymity.