SpaceX, Elon Musk’s (TSLA) spacecraft manufacturer and satellite communications company, was granted approval by the Federal Communications Commission, or FCC on Thursday “to run tests on signals between orbiting Starlink satellites and normal mobile phones on the ground using airwaves in partnership with T-Mobile US (TMUS),” writes Bloomberg’s Todd Shields. According to the story, companies that are in the telecommunications business are racing to get into “satellite-enabled calls offering connections in remote areas.” Other publicly traded companies that may be impacted include AT&T(T), and Apple (AAPL).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TMUS:
- Alphabet’s (NASDAQ:GOOGL) Google Faces Defeat in Epic’s Antitrust Lawsuit
- T-Mobile CEO: Q3 was a milestone for us in smaller markets, rural areas
- Activist Investor Elliott Wants to Jump-Start Crown Castle REIT (CCI)
- Third Point buys T-Mobile, boosts Microsoft in Q3
- Soros Fund buys Splunk, exits Rivian in Q3