SpaceX has agreed to acquire a nationwide low-band spectrum portfolio to advance Starlink Mobile, a move Elon Musk described as a “very big deal.”
The spectrum, in the 800 MHz band, is intended to help Starlink expand into terrestrial mobile services alongside its satellite network. Shares of AT&T, Verizon, and T-Mobile declined as investors weighed the potential competitive impact on traditional carriers.
The development marks another step in SpaceX’s push deeper into the U.S. telecom market.
$SPCXB $SPCX #SpaceX #Starlink #Telecom #Musk #CoinVahini
The spectrum, in the 800 MHz band, is intended to help Starlink expand into terrestrial mobile services alongside its satellite network. Shares of AT&T, Verizon, and T-Mobile declined as investors weighed the potential competitive impact on traditional carriers.
The development marks another step in SpaceX’s push deeper into the U.S. telecom market.
$SPCXB $SPCX #SpaceX #Starlink #Telecom #Musk #CoinVahini