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Home›ETFs & Funds›Fund Industry›SpaceX to buy 800 MHz spectrum portfolio to boost mobi…

SpaceX to buy 800 MHz spectrum portfolio to boost mobile ambitions

The planned purchase involves Grain Management’s 800 MHz spectrum portfolio, a move that MarketWatch says is lifting cell-tower stocks.

Reported · Written up by our desk · Fund Industry

SpaceX is planning to purchase Grain Management’s 800 MHz spectrum portfolio as part of its push into mobile services, according to MarketWatch.

MarketWatch reports the announcement is also weighing on shares of major wireless carriers AT&T and Verizon, while supporting cell-tower stocks.

The report frames the spectrum deal as bolstering SpaceX’s mobile ambitions, with the market reaction extending to telecom infrastructure companies.

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Sources

MarketWatchSpaceX’s Starlink Mobile plans are pressuring AT&T and Verizon shares
MarketWatchSpaceX’s Starlink Mobile plans are pressuring AT&T and Verizon shares

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