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ATEX, NN, GOGO Stocks Gain: SpaceX’s $8B Spectrum Deal Could Boost Low-Band Spectrum Value, Says Roth Capital
Stocktwits ·
Stocktwits reports: Anterix (ATEX), NextNav (NN) and Gogo (GOGO) could benefit from rising demand for wireless spectrum following SpaceX’s (SPCX) reported $8 billion acquisition of Grain Management’s low-band frequencies, according to Roth Capital. The firm believes the acquisition could increase the value of low-band spectrum controlled by the three companies. Roth estimates that applying SpaceX’s reported price per megahertz would value Gogo’s spectrum holdings alone at about $2.3…