Thread regarding Verizon Communications Inc. layoffs

There were still hurdles after SpaceX's spectrum purchase. "This company can have tons of spectrum available, but if they do not have the network to use it, it doesn't matter. It's just empty airwaves,"

Here we go again on PAYCUTs further the SU-K TOGATHER is already 10% loss.

• SpaceX is acquiring Grain Management's nationwide 800MHz portfolio, up to 14MHz of paired low-band spectrum. Grain bought it from T-Mobile in August.
• Terms weren't disclosed, but the WSJ reports $8 billion in cash. It needs FCC approval, and SpaceX has asked for expedited review.
• Low-band spectrum travels far and penetrates walls, which is the gap in Starlink's holdings. Musk called it the last critical piece for full phone coverage for Starlink mobile.Investors expect a terrestrial buildout to need towers.
• Evercore calls it the clearest sign yet that Starlink is moving from a wholesale partner to a direct consumer competitor.
• Most existing phones already support this band.
• The FCC looks friendly, and SpaceX just won approval for a 15,000-satellite direct-to-device network.
• Analysts expect more spectrum buying, such as the upcoming FCC auctions and Ligado.
• 14MHz is a coverage fix, not a capacity solution, and SpaceX would still lag the Big Three in low-band holdings.
• The spectrum doesn't work with its current direct-to-device satellites, so the low-band layer would have to be terrestrial.
• Terrestrial service means radios on towers and rooftops, which is costly. AT&T's CEO called SpaceX's plan "not a viable strategy."
• T-Mobile's CTO notes that over 70% of mobile traffic is indoors, where terrestrial networks have the edge.
• Moffett's view is that SpaceX still needs an MVNO deal with one of the Big Three. The spectrum buying may be mainly leverage to force that negotiation.
  The 9-13% drops look like an overreaction to a plan that's still unfunded, unbuilt and not launching until late 2027. But the incumbents' "spectrum isn't a network" line is a bit too comfortable.
  Dishnetwork bankruptcy left abandoned wireless radios on leased cell towers Starlink could buy these cheap assets to make their network appear faster..

Lead cables. Buy the dip.

@ab Obviously not, it was granted October 1

Seems to be the beginning of the end….

This is funny because libs are so low iq that even though they hate working for Verizon and in constant fear of being laid off they can’t accept with the fact spacex is coming to eat Verizons lunch.

does this mean that the generous stock together I got worth less hours after it was granted?

Lmao this a nothing burger and not a good reason for stock drop

SpaceJunk is the corporate welfare company on the planet.

@OP here we go again with the non sense

Keep in mind that SpaceX has plenty of cash to outbid them for ALL of the next C-band spectrum auction

The FCC authorized SPCX to build a 15,000-satellite network using owned spectrum :

https://finance.yahoo.com/technology/articles/spacex-just-got-permission-compete-111543313.html