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FCC to auction spectrum for satellite-to-phone services, aiding SpaceX and Amazon's satellite plans

Market News
07 Oct 2026
CNBC
View Source
Bullish
FCC to auction spectrum for satellite-to-phone services, aiding SpaceX and Amazon's satellite plans

The Federal Communications Commission (FCC) will vote on auctioning 25 MHz of prime spectrum to support direct-to-device (D2D) satellite services to smartphones, with a public comment proposal on an additional 482 MHz for supplemental space coverage. These moves aim to enhance satellite-based connectivity, benefiting companies like SpaceX and Amazon, which are expanding satellite networks to improve mobile coverage. The FCC also plans to update rules to support drone operations in the 800 MHz band. This initiative could reduce cell phone dead zones and advance satellite internet services for underserved areas.

Amazon shares are trading at USD 260.02 with a 1-day gain of 1.46%, while SpaceX shares are down 2.58% at USD 167.56 as of Oct 08, 2026 03:01 WIB on Pluang. The FCC's upcoming vote on auctioning prime spectrum could impact these companies, which are key players in satellite-based connectivity expansion. On Pluang, Amazon's market cap stands at $2.76 trillion and SpaceX's at $2.33 trillion, reflecting significant investor interest in this sector.

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