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SpaceX shares climbed 2% to $145.99 in premarket trading Monday after the U.S. Federal Communications Commission (FCC) accepted the company's application to acquire Grain Management's nationwide 800MHz spectrum licenses, with the transaction now entering the public comment and review process. Through its subsidiary, SpaceX plans to take over 546 paired spectrum licenses covering all 50 U.S. states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands—reaching nearly the entire U.S. population. The deal is intended to bolster low-band spectrum resources for Starlink Mobile. Low-band 800MHz signals are well suited for wide-area coverage and building penetration, making them a natural complement to satellite communications deployment. The company aims to combine direct-to-cell satellite connectivity with terrestrial networks to expand its mobile communications services.
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