SpaceX wants Starlink to challenge US mobile carriers and agreed to purchase spectrum licenses for this purpose. The news pushed shares of AT&T, Verizon, and T-Mobile down in after-hours trading.
The deal is still awaiting regulatory approval, and an expert noted that the spectrum amount remains limited and achieving good indoor coverage in cities would also require terrestrial base stations.
Key Points
- SpaceX announced an agreement on Thursday to purchase a nationwide spectrum portfolio as it pushes its Starlink service deeper into the U.S. telecommunications market.
- Shares of AT&T, Verizon and T-Mobile tumbled in extended trading.
- In a post on X, SpaceX CEO Elon Musk called the agreement a “very big deal.”
https://www.cnbc.com/2026/10/08/spacex-spectrum-license-att-verizon-tmobile.html