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SpaceX Makes $8 Billion Move That Rattles Telecom Stocks
GuruFocus ·
GuruFocus reports: SpaceX's latest wireless push sent a shockwave through telecom stocks Friday, after Elon Musk's company agreed to spend roughly $8 billion on nationwide low-band spectrum that could strengthen Starlink's ability to compete directly with AT&T , Verizon and T-Mobile . SpaceX agreed to acquire Grain Management's nationwide 800 MHz spectrum portfolio , giving Starlink Mobile access to low-band frequencies that travel farther and penetrate buildings more effectively than…