AT&T shares fall following SpaceX frequency acquisition announcement
SPCX Space Exploration Technologies Corp
$162.57 +1.25%
View chart & analysis → - 1SpaceX has signed a deal with Grain Management for bidirectional frequency licenses of up to 14 MHz in the 800 MHz band.
- 2Elon Musk described the frequency acquisition agreement as a very large deal.
- 3AT&T shares fell 6.8% as of 10:35 AM ET.
So what's the key point?
SpaceX secured new frequencies for communications. Following this news, AT&T shares dropped 6.8%.
Source The Motley Fool · View original ↗
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