Updated Version 2 - SpaceX Targets U.S. Wireless Operators Through Spectrum Acquisition
路透社2026/10/08 20:56Reuters, October 8 – SpaceX reached an agreement on Thursday to acquire a nationwide portfolio of low-frequency spectrum, enabling Elon Musk’s satellite business to mount direct orbital competition against traditional U.S. wireless telecom giants. While Starlink Mobile’s existing global 2 GHz mid-band spectrum will provide high bandwidth capacity, this new spectrum will allow its signals to penetrate obstacles. The financial terms of the deal have not been disclosed. This move accelerates billionaire Musk’s ambitions to bypass traditional wireless infrastructure and provide direct cellular network connections to smartphones from orbit. Low-frequency bands are highly valued in telecommunications for their ability to travel longer distances and penetrate dense structures such as walls and tree cover, thereby overcoming a major technical barrier previously faced by satellite mobile networks. The transaction involves the acquisition of 100% of the nationwide 800 MHz spectrum portfolio held by private equity firm Grain Management and is still subject to regulatory approval from the U.S. Federal Communications Commission (FCC). Telecom stocks fell as investors feared competition from SpaceX could trigger a fierce price war and erode their market share in the already saturated U.S. wireless market. The shares of T-Mobile US, Verizon, and AT&T all dropped more than 5% in after-hours trading. The FCC this week also approved Starlink Mobile’s application for a second-generation satellite constellation, authorizing SpaceX to launch 15,000 satellites worldwide optimized for the 2 GHz band. (For the convenience of non-native English speakers, Reuters automatically translates its reports into several other languages. As automated translation may contain errors or may lack required context, Reuters does not guarantee the accuracy of automated translation texts; they are provided solely for readers’ convenience. Reuters assumes no responsibility for any damages or losses resulting from the use of automated translation features.)
The full text has been supplemented with background information and details.
Reuters, October 8 - SpaceX SPCX.O reached an agreement on Thursday to acquire a portfolio of low-band spectrum covering the entire United States, allowing Elon Musk's satellite company to mount a direct orbital challenge against traditional wireless giants across the country.
While Starlink Mobile’s existing global 2 GHz mid-band spectrum will provide high bandwidth capacity, this new spectrum will enable its signals to penetrate obstacles. The financial terms of the deal were not disclosed.
This move accelerates billionaire Musk’s ambition to bypass conventional wireless infrastructure and provide cellular network connections directly to smartphones from orbit.
Low-band spectrum is highly valued in the telecommunications industry because it can transmit over long distances and penetrate dense structures such as walls and tree cover, thus overcoming a major technical barrier previously faced by satellite mobile networks.
The deal involves acquiring 100% of a nationwide 800 MHz spectrum portfolio held by private equity firm Grain Management, and still requires regulatory approval from the U.S. Federal Communications Commission (FCC).
Telecom stocks fell as investors worried that competition from SpaceX could spark a fierce price war and erode their market share in the already saturated U.S. wireless market.
Shares of T-Mobile US (TMUS.O), Verizon (VZ.N), and AT&T (T.N) each dropped more than 5% in after-hours trading.
The U.S. Federal Communications Commission also this week approved Starlink Mobile's application for its second-generation satellite constellation, authorizing SpaceX to launch 15,000 satellites globally optimized for the 2 GHz band.
(To facilitate non-native English speakers, Reuters has automated translation of its reports into several other languages. Since automated translation may be inaccurate or may lack the required context, Reuters does not guarantee the accuracy of the automated translation text and provides it solely for the convenience of readers. Reuters accepts no responsibility for any damage or loss resulting from the use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Raydium crypto surges 14% as negative funding raises short squeeze prospects
Bombardier Opens New Line Maintenance Station in Sydney
05:27 PM EDT, 10/08/2026 (MT Newswires) -- Bombardier (BBD-B.TO) after trade Thursday said it is opening a new Line Maintenance Station in Sydney, Australia, expanding its network in the Asia-Pacific region. The aircraft manufacturer said the move adds to its existing Australian facilities in Perth and Melbourne. The Sydney location will provide emergency aircraft-on-ground support, unscheduled maintenance and select scheduled inspections. It will also offer mobile response capabilities, with technicians certified to service Bombardier's Learjet, Challenger and Global aircraft, the company said. "The site's new Component Repair and Overhaul workshop will further strengthen Bombardier's capabilities in APAC," it added.
Ser Educacional executives trim stake by R$ 97,593 via spot sales of common shares
Ser Educacional disclosed executive management (Diretoria) spot sales of 7,100 ON shares during the month. Total proceeds were R$ 97,593; average sale price R$ 13.7455 per share. No qualifying spot transactions were reported for the majority shareholder (Controlador), board, audit committee, or advisory board. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ser Educacional SA published the original content used to generate this news brief on October 08, 2026, and is solely responsible for the information contained therein.
Quantum-Si Detects 19 Amino Acids in Proteus Program
05:05 PM EDT, 10/08/2026 (MT Newswires) -- Quantum-Si (QSI) said Thursday it demonstrated detection of 19 amino acids in its Proteus protein sequencing program and is working to deploy the capability into a developmental sequencing kit for routine use on integrated Proteus instruments. The progress follows interim Proteus data presented at the 2026 World HUPO Congress, where a developmental kit detected 18 amino acids. Quantum-Si remains confident in demonstrating detection of all 20 amino acids by year-end and continues to target commercial launch of Proteus in Q2 of 2027, according to the company.
Crypto prices
More
