SpaceX 800 MHz spectrum deal awaits FCC
Key Takeaways The agreement On Thursday, Oct. 8, SpaceX said it agreed to buy Grain Management's nationwide 800 MHz licenses, up to 14 megahertz of paired spectrum. The sale needs FCC approval, and neither company disclosed the price. The licenses A July 1 FCC order said the licenses run from 4.85 to 14 megahertz across 3,224 counties, about the whole U.S. population. Grain bought them from T-Mobile and closed on Tuesday, Aug. 11. The network SpaceX says the low band would reach phones inside buildings, next to 2 GHz capacity and a later mix of satellites and ground towers. The FCC has not approved the transfer. The shares CNBC reported on Friday, Oct. 9, that AT&T, Verizon and T-Mobile shares tumbled and SpaceX stock rose about 2 percent. The same story also described a separate extended-trading move in SpaceX shares. Space Exploration Technologies Corp. (SpaceX) agreed on Thursday, Oct. 8, to buy Grain Management's nationwide 800 MHz licenses, up to 14 megahertz of paired spectru…
