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SpaceX to buy nationwide 800 MHz spectrum for $8B

By Drooid · Oct 11, 2026, 6:15 PM UTC · How we work

Summary

SpaceX Acquires Spectrum

SpaceX will acquire nationwide 800 MHz low-band spectrum for Starlink Mobile in an $8 billion deal.
The purchase provides up to 14 MHz of paired airwaves, pending Federal Communications Commission approval.
Analyst Tim Farrar says the limited spectrum will need ground towers for reliable urban building penetration.
T-Mobile CFO Peter Osvaldik calls Starlink Mobile’s satellite-to-cell service “not a competitive threat” and cites physics-limited signal strength.

Summary

T-Mobile Shares Plummet

Treasury yields edged higher, with the 2-year at 4.79% and the 10-year near 5.24%.
The S&P 500 closed at 7,811.54, the Nasdaq at 27,366.17, and the Dow at 51,654.95.
The VIX fell 3.70% to 14.84, indicating lower market volatility.
T-Mobile dropped about 13.3%, AT&T fell roughly 9.8%, and Verizon slid near 8.8%.
Crown Castle rose 15.6%, American Tower climbed 9.3%, SBA Communications gained 7.3%.

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SpaceX Acquires Spectrum

SpaceX will acquire nationwide 800 MHz low-band spectrum for Starlink Mobile in an $8 billion deal.
The purchase provides up to 14 MHz of paired airwaves, pending Federal Communications Commission approval.
Analyst Tim Farrar says the limited spectrum will need ground towers for reliable urban building penetration.
T-Mobile CFO Peter Osvaldik calls Starlink Mobile’s satellite-to-cell service “not a competitive threat” and cites physics-limited signal strength.

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