SpaceX acquired a nationwide low-band spectrum portfolio, positioning Starlink to challenge traditional wireless carriers like AT&T, Verizon, and T-Mobile. The move threatens these carriers' high-margin businesses in enterprise, emergency services, and rural markets, though AT&T's CEO suggested there will be complementary opportunities between satellite and terrestrial operators.
SpaceX announced an agreement to acquire a spectrum portfolio from Grain Management, bolstering its Starlink Mobile service and intensifying competition with AT&T, Verizon, and T-Mobile in the U.S. telecommunications market. The deal, subject to FCC approval, includes 14 megahertz of paired spectrum in the 800 MHz band to address technical gaps for satellite-based mobile coverage.
SpaceX acquired low-band spectrum licenses and plans to deploy Starlink Mobile as a major US carrier, combining satellite and terrestrial networks to compete with T-Mobile, AT&T, and Verizon. The FCC-pending deal includes 14 megahertz of 800 MHz spectrum and approval for 15,000 next-generation satellites offering significantly increased bandwidth and coverage in dead zones.
SpaceX plans to purchase significant wireless spectrum to enhance its Starlink service, a move CEO Elon Musk described as a 'very big deal.' The announcement caused stock declines for wireless carriers Verizon, AT&T, T-Mobile, and AST SpaceMobile.
Trump completed over 500 securities trades in August totaling $74.3–$273.3 million, including purchases of up to $25 million in Meta stock and up to $5 million in SpaceX debt products. The filing shows 517 transactions with purchases of at least $44.2 million and sales of at least $30.1 million, representing a decline in frequency compared to the previous two months.
AT&T acknowledged cellular issues affecting some iPhone 18 Pro Max devices on its network and urged customers to update to iOS 27.0.1, though many users report the update does not resolve the problems. Thousands of affected users cannot complete calls, texts, or data connections, with the U.S. model uniquely equipped with a Qualcomm modem rather than Apple's C2 modem. The underlying cause remains unconfirmed, with Apple yet to publicly comment.