SpaceX plans to build a major wireless network using new spectrum
SpaceX announced a plan to become a major wireless carrier after agreeing to buy low-band spectrum and receiving FCC approval for next-gen satellites.
Spectrum purchase agreement details
The company agreed to acquire a significant portion of low-band spectrum recently traded within the telecom industry. This acquisition supports SpaceX goal to construct what it calls the world most advanced mobile network.
Previous spectrum deal context
Earlier this year, the firm reached an agreement to purchase nearly 20 billion dollars worth of EchoStar spectrum. Combined with recent FCC approval for deploying 15,000 next-generation Starlink satellites, these moves show SpaceX is serious about competition.
Targeting major carriers
The new network aims to compete directly with AT&T, T-Mobile, and Verizon in the United States market. Analysts note that such a pivot involves high costs and significant financial risk for any technology company.
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