Technology
SpaceX Bought the Airwaves. It Still Needs a Phone Network.
SpaceX agreed to buy nationwide 800 MHz spectrum for Starlink Mobile, and Verizon had its worst day since 2002. Analysts say the network is the hard part.
SpaceX agreed to buy nationwide 800 MHz spectrum for Starlink Mobile, and Verizon had its worst day since 2002. Analysts say the network is the hard part.
SpaceX priced its IPO at $135 a share Thursday, a roughly $1.77 trillion valuation and the largest stock-market debut in history. It trades Friday as SPCX — the first of the season's three mega-offerings to actually cross the line. The public S-1 reveals a lopsided business: one profitable utility funding a pile of expensive ambitions.