SpaceX (NASDAQ: $SPCX) Shares Rise Nearly 4% as $8 Billion Spectrum Deal Expands Starlink Mobile Plans.
SpaceX shares rose nearly 4% to $166.80 in Friday premarket trading after agreeing to acquire Grain Management’s nationwide 800 MHz spectrum portfolio in a deal reportedly valued at approximately $8 billion. The acquisition aims to expand Starlink Mobile into a nationwide wireless network capable of competing with established U.S. telecom carriers.
The deal requires Federal Communications Commission (FCC) approval and would give Starlink Mobile low-band frequencies to improve signal coverage and connectivity indoors.
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SpaceX shares rose nearly 4% to $166.80 in Friday premarket trading after agreeing to acquire Grain Management’s nationwide 800 MHz spectrum portfolio in a deal reportedly valued at approximately $8 billion. The acquisition aims to expand Starlink Mobile into a nationwide wireless network capable of competing with established U.S. telecom carriers.
The deal requires Federal Communications Commission (FCC) approval and would give Starlink Mobile low-band frequencies to improve signal coverage and connectivity indoors.
#Crypto