SPACEX MAKES BIG PLAY TO BECOME A WIRELESS CARRIER

Summary from the TLDR newsletter

SpaceX will pay investment firm Grain Management about $8 billion in cash for US cellular spectrum licenses. The licenses will be for the 800-megahertz band, which is tailored for wireless service from cellphone towers rather than satellites. SpaceX says the new spectrum will help cover places satellite links can't reach. SpaceX still needs some terrestrial infrastructure to use the spectrum for mobile coverage.