SpaceX Seeks Access to 80,000 US Cell Sites for Wireless Network, Bloomberg News Reports
- On October 9, SpaceX purchased nationwide 800 MHz spectrum from investment firm Grain Management for nearly $8 billion, calling the deal a "critical next step" for Starlink Mobile.
- SpaceX plans a hybrid architecture combining satellites with terrestrial antennas to connect devices "indoors, outdoors, in cellular dead zones, and everywhere in between."
- Julie Zhu, a research analyst at MoffettNathanson, said, "It's just hard to imagine that this is all going to get done within a decade," noting the big three spent about $650 billion through 2023.
- Shares of major carriers fell sharply following the news: T-Mobile dropped 13.3%, AT&T 9.8%, and Verizon 8.8%, while TD Cowen analysts estimated building a network requires more than $80 billion.
- SpaceX has regulatory authorization for up to 15,000 Starlink Mobile satellites, though analyst Anshel Sag of Moor Insights & Strategy warned, "There are too many pitfalls for satellite to be the only source of data.
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SpaceX aims to ensure access to at least 80,000 cell phone towers in the United States and is in negotiations with at least one large telecommunications infrastructure company to achieve this goal, according to people familiar with the subject. The agreements would consolidate the path of the rocket and satellite giant to build a fourth mobile phone operator with national coverage, the sources said, who asked not to be identified because the con…
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PressNewsAgencySpaceX seeks access to 80,000 US cell sites for wireless network, Bloomberg News reports
Oct 22 : SpaceX is in talks with cellular infrastructure companies to secure access to at least 80,000 sites across the United States, Bloomberg News reported on Thursday, citing people familiar with the matter.The agreements would potentially solidify the company's path toward building a fourth nationwide wi
Does SpaceX's $8 Billion Spectrum Deal Mean Verizon's Q3 Earnings Don't Really Matter?
Verizon (NYSE:VZ) reports third-quarter results on October 26, days after SpaceX (NASDAQ:SPCX) announced a roughly $8 billion deal for nationwide 800 MHz spectrum. I think the deal makes this report more important. It shows how much momentum Verizon carries into a harder fight. A Turnaround Faces Its First Real Test Last quarter, Verizon posted adjusted […]
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