Internet from space: Musk's SpaceX buys US frequencies for mobile phone services
Internet from space can provide coverage to every spot on Earth - but the signal from the satellite doesn't penetrate walls. Elon Musk is therefore now supplementing his Starlink service with US mobile phone frequencies.
SpaceX, owned by Elon Musk, has made a significant purchase of frequencies in the US, paving the way for the company to establish itself as a mobile network provider. The company currently offers fast internet via its Starlink service, which uses satellites, but this requires a special receiver with an antenna. The newly acquired licenses will allow SpaceX to send signals through walls and supply conventional devices like smartphones.
The news caused shares of major mobile network providers, including AT&T, T-Mobile US, and Verizon, to decline, with AT&T's stock falling by around 7% in after-hours trading. SpaceX is waiting for approval from the FCC to combine its satellite internet with a terrestrial network.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
