1026 ET - SpaceX is committing further to wireless with its plans to buy a nationwide spectrum portfolio from Grain Management, JPMorgan analysts say in a note. The low-band portfolio gives SpaceX a coverage layer with stronger in-building propagation, complementing the mid-band spectrum it's acquiring from EchoStar, the analysts say. That should provide higher-bandwidth capacity, giving credibility to Starlink Mobile's long-term opportunity, they say. The latest deal "supports our view that SpaceX's mobile ambitions extend beyond handsets into IoT, autonomous vehicles and robotics, or 'connectivity of all things,'" they say, adding they would not be surprised to see SpaceX pursue additional low-band assets over time.
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