9AM HOUR: AI Trade Rebounds, Telecom Tumbles on SpaceX Spectrum Deal, Apple Slides 10/9/26

Cramer frames the OpenAI "revenue scare" as a reporting error, not a fundamentals problem, while SpaceX's spectrum deal threatens legacy telecom economics.

• OpenAI revenue 'scare' called a mistake: Cramer says the market wrongly conflated gross vs. net and annual recurring revenue vs. run rate; OpenAI's actual figure is ~$50B annualized, not a $68B shortfall, yet the confusion wiped trillions off AI-linked stocks including Oracle and Micron.
• SpaceX spectrum deal roils telecom: SpaceX acquired Grain Management's 800MHz spectrum portfolio to push Starlink into mobile; AT&T, Verizon, T-Mobile and Comcast (six-times earnings, down 25%) fell while tower stocks and SpaceX rose; Barclays initiated SpaceX overweight at $254, Goldman at $230.

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