SpaceX takes major step toward offering cell service, putting big telecom on edge
Elon Musk's SpaceX is moving to get into the cell phone business -- scooping up billions of dollars' worth of spectrum licenses and putting traditional telecom…


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Elon Musk's SpaceX is moving to get into the cell phone business -- scooping up billions of dollars' worth of spectrum licenses and putting traditional telecom…

SpaceX announced the spectrum deal Thursday, as the company aims to push deeper into the telecom market through its Starlink service.

SpaceX buys wireless spectrum. Should AT&T and Verizon be worried?

SpaceX agreed to purchase a nationwide spectrum portfolio as it to pushes its Starlink service deeper into the U.S. telecommunications market.

Starlink is still awaiting security clearance before it can seek spectrum and begin commercial services in India.

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The internet provider has bought more 'direct to cell' spectrum licenses from EchoStar and struck a deal with the owner of British Airways.

American dominance

EchoStar has already sold a total of $40 million worth of wireless spectrum to SpaceX and AT&T, and it still has more spectrum to sell.
'May the healing hand of Jesus Christ be upon him'

The deal comes months after the Federal Communications questioned EchoStar's compliance with buildout extensions and use of mobile-satellite service spectrum.

EchoStar soars further into record territory after a $17 billion deal to sell spectrum to Elon Musk's SpaceX.
A TD Cowen analyst thinks AT&T could purchase additional spectrum from EchoStar, while DirecTV, Verizon and T-Mobile are other potential buyers.
EchoStar had been seeking to shield its cache of wireless spectrum licenses from the threat of revocation by the FCC.

EchoStar said the deal will also help resolve an FCC inquiry over its use of certain spectrum licenses, including some that were sought by Elon Musk's SpaceX.

AT&T will look to enhance its wireless and home-internet offerings with spectrum from EchoStar.
A downbeat earnings report, plus investor disdain for the pending Cox Communications merger, drove a record selloff in the stock.
'Is the juice worth the squeeze?'

But they want only high earners to pay for the fix
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