BREAKING: SPACEX BUYS NATIONWIDE LOW-BAND SPECTRUM

SpaceX agreed to buy 100% of Grain Management's nationwide 800 MHz spectrum portfolio. Low-band frequencies get through buildings, and they will let Starlink Mobile reach phones from both the ground and space. Grain bought those same licenses from T-Mobile in August. Telecoms sank after hours: $T -7.6%, $VZ -6.3%, $TMUS -6.8%. The deal still needs FCC approval and no price was disclosed.