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2026-10-12 17:05:56 CLSA issued a research report stating that Space Exploration Technologies Corp. (SPCX.US) announced an agreement to acquire a nationwide portfolio of low-band spectrum licenses in the US, covering up to 14 megahertz of paired spectrum in the 800MHz band. SpaceX is reportedly set to spend about USD8 billion on the acquisition. The broker noted that high-quality low-band spectrum could fill a critical technology gap and pave the way for Starlink Mobile to become a major mobile telecom operator in the US. Starlink plans to deploy a "direct-to-cell" satellite constellation alongside advanced terrestrial infrastructure to achieve ubiquitous seamless connectivity. Starlink Mobile's global 2GHz mid-band spectrum will provide high-bandwidth capacity in the US, while the newly added low-band spectrum will serve as a coverage layer to ensure signals can penetrate obstacles such as walls, allowing customer devices to be served even indoors. Most existing mobile devices already support this less commonly used band. The broker believed that the global satellite broadband market is experiencing rapid growth driven by Starlink Mobile of Space Exploration Technologies Corp. (SPCX.US), while India is formulating a licensing framework for satellite services. India has auctioned mobile spectrum since 2010, with the government cumulatively selling about USD79 billion worth of spectrum. Multiple participants, including Starlink, are interested in entering India's satellite services market. However, mobile telecom operators in India generate revenue of only INR7.9 per GB (about USD0.1), far below the INR239.8 (about USD2.7) in the US and INR17.5 (about USD0.2) in China. India remains one of the world's cheapest mobile markets, which will limit the competitive risk faced by Starlink Mobile. CLSA gave Space Exploration Technologies Corp. (SPCX.US) an Outperform rating with a TP of USD250. (da/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |