SpaceX to turn Starlink into a mobile operator and challenge 'telcos' - Expansión
Article excerpt
Musk's aerospace giant pays about 7.1 billion for mobile licenses in the US and puts the traditional global sector on guard, recording falls on the Stock Exchange. SpaceX, the aerospace and technology giant founded by Elon Musk, has thrown down a challenge to the traditional telecommunications sector. The company, which in June staged a record IPO after raising about 86 billion dollars (76.8 billion euros), has sealed an agreement to buy a portfolio of low-frequency spectrum licenses in the North American market to turn its Starlink satellite subsidiary "into a major mobile phone operator in the United States". SpaceX, with businesses ranging from the Starship space super-rocket to AI assets and the social network X, will pay about 8 billion dollars (7.14 billion euros) to the Grain Management fund, owner of the licenses in the 800 megahertz (MHz) band, designed more to offer mobile phone services from telco towers than from satellites. With the acquisition, the group controlled by Elon Musk, CEO and top shareholder of Tesla as well, strikes a blow and prepares its low-earth-orbit satellite subsidiary Starlink, which offers high-speed broadband in more than 160 countries, to directly enter the mobile phone business and compete with domestic operators like AT&T, Verizon, or T-Mobile US. In fact, SpaceX's announcement on Thursday night triggered a sharp drop in the stock...
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Extracted from this sentence
SpaceX stated the day before yesterday that, once it receives approval from the US telecommunications regulator (FCC), Starlink Mobile will implement a flexible architecture to combine its satellite constellation in space with an advanced terrestrial deployment that will allow devices to connect seamlessly anywhere.
