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SpaceX's Spectrum Deal Hits Telecom Stocks but Gives Tower REITs a New Opportunity
- 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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33 Articles
33 Articles
Elon Musk reveals some details of the development of Starlink Mobile to compete in satellite mobile connectivity
SpaceX's Spectrum Deal Hits Telecom Stocks but Gives Tower REITs a New Opportunity
SpaceX's $8 billion spectrum deal with Grain Management sent AT&T, Verizon, and T-Mobile shares tumbling while boosting tower REITs like Crown Castle, as analysts weigh the competitive threat.
·Sioux Falls, United States
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Coverage Details
Total News Sources33
Leaning Left6Leaning Right3Center7Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 37%
C 44%
R 19%
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