Jul. 4 at 1:57 PM
$T The FCC approved EchoStar spectrum sales to both SpaceX and AT&T in May 2026. That turns it from “announced deal” into “regulatory path cleared.” Reuters said SpaceX is getting about 65 MHz and AT&T about 50 MHz in the broader
$40B EchoStar spectrum transaction.
Near term: bearish headline pressure.
People see “SpaceX gets spectrum” and immediately think: “Oh shit, Starlink Mobile is coming for AT&T, Verizon, and T-Mobile.” That can scare telecom investors, especially when T is already under pressure from Russell reconstitution/index selling.
Long term: actually partly bullish for AT&T.
AT&T also got a big spectrum upgrade. More spectrum can mean better 5G, more home internet capacity, stronger coverage, and better competitiveness against Verizon/T-Mobile. Reuters said the FCC approved the broader
$40B sale because it would boost connectivity, with SpaceX getting about 65 MHz and AT&T about 50 MHz.
