✉news ScienceSpace first seen 1 d ago, last 5 h ago, peak #12
SpaceX buys T-Mobile's 800 MHz spectrum for $2.9 billion
Original: SpaceX snaps up the 800 MHz spectrum T-Mobile dumped for $2.9 billion — and T-Mobile, Verizon, AT&T stocks are sliding
SpaceX has agreed to buy the 800 MHz spectrum band that T-Mobile put up for sale, in a deal worth $2.9 billion. The purchase strengthens SpaceX's direct-to-cell ambitions by giving it its own licensed airwaves. Shares of T-Mobile, Verizon and AT&T are sliding as investors weigh the competitive threat a satellite-backed SpaceX could pose to traditional carriers.
Why now: The surprise $2.9 billion spectrum purchase and the accompanying drop in major telecom stocks are rattling investors.
Rank over time, top of the chart is #1. 14 snapshots from 23 h ago to 5 h ago.
Evidence
- SpaceX snaps up the 800 MHz spectrum T-Mobile dumped for $2.9 billion — and T-Mobile, Verizon, AT&T stocks are sliding · Yahoo Finance
API: https://socialmediatrends-api.osmike.com/v1/trends/1657305