SpaceX buys low-band spectrum for Starlink Mobile, and telecom stocks drop
Analysts explain why a satellite company buying ground spectrum spooked the carriers.
SpaceX agreed to buy up to 14 MHz of paired 800 MHz spectrum nationwide from Grain Management, pending FCC approval; the Wall Street Journal reported the price at about $8 billion in cash. SpaceX says the low-band airwaves, which reach inside buildings, will let Starlink Mobile serve ordinary phones indoors and out. AT&T, Verizon and T-Mobile fell, together losing about $39 billion in market value, Benzinga reports, while tower owners Crown Castle and American Tower rose.
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Starlink
After exploring SpaceX Spectrum Deal: AT&T, Verizon And T-Mobile Tumble, for the network this spectrum is meant for, see Starlink.
SpaceX's satellite internet service, available in about 160 countries and territories, with roughly 10,400 satellites in low Earth orbit as of June 2026. It also aims to provide mobile broadband.
Wikipedia · Wade · 5 min
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