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SpaceX Buys $19.6 B Spectrum, Targets Verizon, AT&T, T-Mobile

8/6/2026

46 8 Full Breakdown

Summary

Story summary

SpaceX announced it will build a mobile service using 65 MHz of spectrum purchased from EchoStar for $19.6 billion.
Gwynne Shotwell said SpaceX will add terrestrial infrastructure and aims to win customers from Verizon, AT&T and T-Mobile.
Verizon, AT&T and T-Mobile shares fell 1 % to 2.4 % in pre-market trading after the announcement.
Analyst Craig Moffett warned that without an MVNO deal Starlink would struggle to compete within five years.

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Story summary

SpaceX announced it will build a mobile service using 65 MHz of spectrum purchased from EchoStar for $19.6 billion.
Gwynne Shotwell said SpaceX will add terrestrial infrastructure and aims to win customers from Verizon, AT&T and T-Mobile.
Verizon, AT&T and T-Mobile shares fell 1 % to 2.4 % in pre-market trading after the announcement.
Analyst Craig Moffett warned that without an MVNO deal Starlink would struggle to compete within five years.