SpaceX’s $8B spectrum deal exposes the risk in telecom shares

SpaceX agreed to pay about $8B for nationwide low-band US spectrum, and shares in AT&T, Verizon and T-Mobile fell on the news. Europe’s equivalent band comes up for selection in May 2027, with Brussels proposing that two-thirds of it be reserved for European firms and sovereign use. SpaceX has agreed to pay about $8B for […]
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