Coin Bureau|Oct 08, 2026 20:44
🇺🇸 JUST IN: Elon Musk's SpaceX is buying nationwide spectrum to make Starlink a major telecom operator in the US.
SpaceX has agreed to acquire a nationwide low band spectrum license portfolio, per Reuters.
Carrier stocks dropped after hours:
- AT&T: down 3.6%
- Verizon: down 3%
- T-Mobile: down 2.7%
It comes two days after the FCC approved 15,000 Starlink Mobile satellites and waived a rule requiring SpaceX to lease through a ground carrier.
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