Live News EQUITY ARTICLE M impact Oct 08, 2026, 09:16 PM UTC

SpaceX acquires T-Mobile spectrum portfolio via Grain Management

Spectrum licenses previously sold by T-Mobile to Grain Management have been sold by Grain to SpaceX. SpaceX said the low-band spectrum supports Starlink Mobile’s push to take market share from US carriers.

SquawkNews Desk 2 updates Updated Oct 08, 2026, 09:39 PM UTC

Story updates

09:17:45 PM UTC

SquawkNews

By Ed Carson Space Exploration Technologies, SpaceX, plans to buy significant wireless spectrum, bolstering its Starlink service. The news slammed shares of wireless giants Verizon Communications, AT&T and T-Mobile US in overnight action, while also hitting AST SpaceMobile. SpaceX CEO Elon Musk called the move a "very big deal." SPACEX BUYS WIRELESS SPECTRUM SpaceX will buy up to 14 megahertz of spectrum in the 800MHz band from Grain Management, subject to regulatory approval. That will help SpaceX's Starlink into greater competition vs. Verizon Communications, AT&T and T-Mobile US. "This prime low-band spectrum addresses one of the key remaining technical gaps that will pave the way for Starlink Mobile to become a major mobile carrier in the US," SpaceX said. SpaceX stock rose nearly 2% after falling 4.2% in Thursday's session, still above an aggressive entry. Verizon stock fell about 7%. So did AT&T stock and T-Mobile. AST SpaceMobile fell 2%. Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more. View this article at Investors.com Investor's Business Daily - Your edge in the stock market This content was created by Investor's Business Daily, which is operated by Dow Jones & Co. IBD is run independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires October 08, 2026 17:10 ET (21:10 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.

09:39:17 PM UTC

SquawkNews

1730 ET - Shares of the three major U.S. telecommunications companys -- AT&T, Verizon, and T-Mobile US -- drop in after-hours trading as SpaceX's effort to disrupt their dominance with its Starlink Mobile business moves closer to fruition. SpaceX agreed to buy a portfolio of 800 megahertz spectrum originally owned by T-Mobile, in what it called one of the final steps toward becoming "a major mobile carrier in the US." SpaceX has made no effort to hide that it has the three companies in its crosshairs: "I anticipate us to be able to acquire quite a few of their customers because I think our service will be better," SpaceX COO Gwynne Shotwell told investors in August. AT&T drops 7.5%, Verizon slides 7%, and T-Mobile loses 6.7% after hours. (elias.schisgall@wsj.com) (END) Dow Jones Newswires October 08, 2026 17:30 ET (21:30 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.

1707 ET - Spectrum licenses that once belonged to T-Mobile US have now fallen into the hands of one of its fastest-moving competitors: Elon Musk's SpaceX. 9 billion in cash. Grain has now sold that portfolio to SpaceX, which has explicitly said that its Starlink Mobile business aims to take market share from T-Mobile and its telecommunications rivals, Verizon and AT&T. "This prime low-band spectrum addresses one of the key remaining technical gaps that will pave the way for Starlink Mobile to become a major mobile carrier in the US," SpaceX says.

6% after-hours. com) (END) Dow Jones Newswires October 08, 2026 17:07 ET (21:07 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.