SpaceX to acquire spectrum that enables Starlink Mobile services

SpaceX has reached an agreement to acquire a nationwide low-band spectrum license portfolio, according to a statement released on Thursday. This acquisition will enable Starlink Mobile to become a significant telecommunications operator in the United States. While Starlink Mobile currently operates on a 2 GHz mid-band spectrum, the newly acquired low-band spectrum will allow Starlink Mobile's signal to penetrate through obstacles, providing improved coverage.

The news of the acquisition caused a decrease in the stock prices of T-Mobile US, Verizon, and AT&T, with T-Mobile US shares falling by 2.7 percent, Verizon down by 3 percent, and AT&T shares falling by 3.6 percent. To stay informed about breaking news and top stories, users are encouraged to follow the provided channel for notifications on their preferred chat app.