SpaceX spectrum purchase leads to $45bn loss for US telcos
UKPulse Health Desk
US telecommunications companies have seen a combined $45 billion wiped from their value following SpaceX's announcement of a spectrum purchase.
- US telcos shed $45 billion in value.
- SpaceX announced a spectrum purchase.
- Elon Musk is taking a step towards launching Starlink mobile service for US consumers.
US telecommunications companies have experienced a collective loss of $45 billion in value. This development follows an announcement from SpaceX regarding a spectrum purchase.
The move by SpaceX, led by Elon Musk, is described as a significant step towards the launch of Starlink mobile service for US consumers.