SpaceX Acquires Spectrum License, Shares of AT&T, Verizon, T-Mobile Fall 8%
Deals·5 articles across 5 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
SpaceX agreed to purchase a nationwide spectrum portfolio as it pushes its Starlink service deeper into the U.S. telecommunications market.
Elon Musk’s SpaceX said it acquired low-band spectrum that will enable it to use its Starlink satellites to become a “major mobile carrier” in the US, sending shares in incumbent cell providers falling as much as 8%.
SpaceXAT&TVerizonT-Mobile
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“SpaceX agreed to purchase a nationwide spectrum portfolio as it to pushes its Starlink service deeper into the U.S. telecommunications market.”
CNBC — SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile“Elon Musk’s SpaceX said it acquired low-band spectrum that will enable it to use its Starlink satellites to become a “major mobile carrier” in the US, sending shares in incumbent cell providers falling as much as 8%.”
Bloomberg — SpaceX Announces Spectrum Deal for Starlink Mobile Phone Service“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.”
The Verge — SpaceX announces plan to become a ‘major mobile carrier’“Elon Musk's SpaceX will buy more wireless spectrum as its Starlink mobile service expands.”
IBD — SpaceX Buys Wireless Spectrum For Starlink; Verizon, AT&T, T-Mobile Tumble“Bloomberg: SpaceX agrees to buy a nationwide low-band spectrum portfolio to help Starlink “become a major mobile carrier”; AT&T, T-Mobile, Verizon fall 6%+ after hours — Elon”
techmeme — SpaceX agrees to buy a nationwide low-band spectrum portfolio to help Starlink "become a major mobile carrier"; AT&T, T-Mobile, Verizon fall 6%+ after hours (Bloomberg)
Earlier versions
- Oct 8, 9:10 PM — SpaceX Acquires Low-Band Spectrum License Portfolio, Incumbent Carriers Drop 5% (3/3)