SpaceX has agreed to buy a nationwide low-band spectrum license portfolio, the Elon Musk-led company said on Thursday, sending shares of incumbent mobile carriers down more than 5%.
SpaceX agreed to acquire nationwide 800 MHz spectrum from Grain Management, adding low-band frequencies intended to help Starlink Mobile deliver coverage indoors and in cellular dead zones. The deal requires FCC approval and prompted declines in Verizon, AT&T and T-Mobile shares.
SpaceX announced a plan on Thursday to transform its Starlink satellite constellation into the next major U.S. mobile carrier capable of competing with Verizon, AT&T, and T-Mobile. The aerospace company, led by Elon Musk, struck a deal to acquire a nationwide low-band spectrum that will advance Star…
SpaceX's bid to acquire the low-band wireless spectrum, could clear a major technical hurdle for its planned U.S. mobile service if regulators approve the deal.
The deal gives SpaceX licenses for up to 14 MHz of paired 800 MHz spectrum, which the company says will let Starlink Mobile penetrate buildings and obstacles
Elon Musk's SpaceX announced Thursday it is acquiring low-frequency cellular spectrum meant to help Starlink's signal reach indoors, not just outdoors, a move towards offering wireless service to American consumers.
