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SpaceX Acquires Spectrum for Starlink Mobile Services

SpaceX announced on October 8 that it has agreed to acquire a national portfolio of low-band spectrum licenses. This acquisition will enable Starlink Mobile to become a major telecommunications operator in the U.S. The new spectrum will allow Starlink Mobile's signal to penetrate through obstacles. T-Mobile US shares fell 7.2% in after-hours trading, while Verizon and AT&T shares dropped 6.6% and 8.4%, respectively.

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