SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile
The deal gives Starlink Mobile low-band spectrum that can better penetrate walls and trees, while AT&T, Verizon and T-Mobile fell more than 5%, analysts said.
- On Thursday, SpaceX announced an agreement to acquire Grain Management's nationwide 800 MHz spectrum portfolio, positioning Elon Musk's satellite venture to challenge legacy wireless giants across the United States.
- Musk's strategy accelerates his ambitions to bypass traditional wireless infrastructure and deliver cellular connectivity directly from orbit, aiming to disrupt established carriers in the saturated domestic market.
- Low-Band frequencies are prized for penetrating dense structures like walls and trees, while Starlink Mobile's existing 2 GHz mid-band spectrum provides high-bandwidth capacity for the network.
- Shares of T-Mobile, Verizon, and AT&T fell more than 5 per cent in extended trading as investors feared increased competition from SpaceX could spark an aggressive price war.
- The Federal Communications Commission authorized SpaceX to launch 15,000 satellites for its Gen2 constellation this week, further expanding the company's orbital capabilities to support global connectivity.
11 Articles
11 Articles
SpaceX Confirms Plans to Make Starlink Mobile a 'Major' US Carrier
SpaceX announces the ambitious goal after acquiring a slice of 800MHz radio spectrum from Grain Management to bulk up Starlink Mobile. SpaceX is officially declaring that its satellite-to-phone service, Starlink Mobile, will become a major carrier in the US, putting it in direct competition with AT&T, T-Mobile, and Verizon. The company did so after acquiring a slice of radio waves from Grain Management, a private investment …
SpaceX announces plan to become a ‘major mobile carrier’
SpaceX has acquired a portfolio of low-band spectrum licenses - a move the company says "will pave the way" for its Starlink Mobile service to become a "major" US carrier. When the Federal Communications Commission signs off on the deal, SpaceX says it will deploy its new architecture that combines its satellite-to-mobile constellation with a […]
SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile
SpaceX takes aim at US wireless carriers with spectrum acquisition
Oct 8 : SpaceX struck a deal on Thursday to acquire a nationwide low-band spectrum portfolio, positioning Elon Musk's satellite venture to mount a direct, orbital challenge to legacy wireless giants across the United States.While Starlink Mobile's existing global 2 GHz mid-band spectrum will provide high-band
SpaceX to acquire spectrum that enables Starlink Mobile services
Oct 8 (Reuters) – SpaceX announced on Thursday an agreement to acquire a nationwide low-band spectrum license portfolio that will enable Starlink Mobile to become a major telecom operator in the US. While Starlink Mobile’s existing global 2 GHz mid-band spectrum will provide high-bandwidth capacity in the United States, the new spectrum will enable Starlink Mobile’s signal to penetrate through obstacles. Shares of T-Mobile US fell …
SpaceX has reached an agreement to purchase a portfolio of low-band spectrum licenses that can be used across the United States. The announcement stated that, following FCC approval, this would pave the way for Starlink to become a major mobile operator in the US; AT&T, T-Mobile, and Verizon shares fell after the market closed.
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