The FCC has authorized SpaceX to build a 15,000-satellite network that can connect directly to regular phones using spectrum it owns, bypassing traditional carriers like AT&T and Verizon. This move removes the need for SpaceX to lease spectrum from carriers, potentially increasing competition in wireless services. Although launches won't start until late 2027 and commercial use depends on closing a major spectrum deal by late 2027, the approval marks a significant step toward SpaceX offering 5G speeds from orbit. Carriers have responded by forming a joint satellite venture, but SpaceX's independent approach could reshape the market in the long term.
As of Oct 08, 2026 18:12 WIB, SpaceX shares trade at USD 166.57 on Pluang, down 0.65% for the day. Verizon's stock is up 0.50% at USD 46.00, reflecting steady investor interest with 83% buy orders. AT&T shares also rose 0.35% to USD 24.56, supported by a dividend yield of 4.54%.
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