SpaceX just scored a key Starlink approval that could shake up the wireless market
The federal agency also waived a rule that requires a leasing agreement with a ground-based carrier.
The Federal Communications Commission (FCC) has granted SpaceX permission to launch 15,000 Starlink satellites for direct-to-device service, potentially disrupting the wireless market. The agency also waived a rule mandating a leasing agreement with a ground-based carrier, enabling SpaceX to utilize its own spectrum for the service.
This decision could bolster SpaceX's capacity to challenge established wireless providers such as Verizon, AT&T, and T-Mobile. In a recent Goldman Sachs conference, Verizon CEO Dan Schulman expressed skepticism about satellite providers, stating that he has observed no discernible impact on his broadband growth from any Low Earth Orbit (LEO) satellite company, including Starlink, and does not anticipate them to be a viable competitor in the medium-to-long term.
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