Business

SpaceX Acquires Spectrum License, Affecting Telecom Stocks

Updated 2026-10-08 21:10 UTC 1 source Neutral

SpaceX has agreed to purchase a nationwide spectrum portfolio, expanding its Starlink service into the U.S. telecommunications market. This deal is expected to impact shares of AT&T, Verizon, and T-Mobile.

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CNBC

SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile

SpaceX agreed to purchase a nationwide spectrum portfolio as it to pushes its Starlink service deeper into the U.S. telecommunications market.

2026-10-08 20:56 UTC