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.
8 Articles
8 Articles
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 …
Elon Musk company wants to combine Starlink satellite network with ground infrastructure to offer national coverage; AT&T, Verizon and T-Mobile actions fell after the announcement
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