SpaceX Agrees to Acquire Nationwide Spectrum Portfolio
T AT&T Inc
$24.87 +1.63%
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- 1SpaceX has agreed to acquire a spectrum license portfolio from Grain Management covering the 800MHz band with up to 14MHz of bidirectional spectrum.
- 2With SpaceX's valuation exceeding $2 trillion, this deal is expected to pave the way for Starlink Mobile to become a major US mobile carrier.
- 3SpaceX shares fell 4% in regular trading before rising approximately 2.5% in after-hours trading.
So what's the key point?
SpaceX has decided to purchase frequency rights needed for communications. This deal could allow Starlink Mobile to become a major mobile carrier in the United States.
Source CNBC +4 · View original ↗
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