SpaceX: FCC Approves 15,000 Starlink Gen 2 Satellites with Global 2 GHz Spectrum

$SPCX

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• Elon Musk calls the approval the “last missing piece of the puzzle” for SpaceX’s cellular coverage.

• Following SpaceX’s spectrum purchase, U.S. telecom stocks come under heavy pressure.

• $VZ (-1,27 %) Verizon: -5.1%

• $T (-7,5 %) AT&T: -5.8%

• $TMUS (-6,92 %) T-Mobile US: -5.8%

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Deutsche Telekom $DTE (-3,73 %) could come under pressure, particularly due to its majority stake in T-Mobile US. In the long term, Starlink could increase competitive pressure on traditional mobile carriers.