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Elon Musk Just Delivered Great News to SpaceX Investors and Bad News to Traditional Telecom Investors

The Motley Fool·
Elon Musk Just Delivered Great News to SpaceX Investors and Bad News to Traditional Telecom Investors

SpaceX announced plans to acquire a low-band spectrum portfolio from Grain Management for $8 billion, completing its spectrum needs for mobile service. The low-band spectrum enables signals to travel through walls and solid structures, allowing Starlink to enhance its mobile service capabilities. While this threatens traditional telecom carriers, analysts expect SpaceX won't materially impact their operations until at least 2029.

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