Spectrum

He bought the final piece the other day.

You tell me he bought Spectrum, correct, George, or Quantum?

I think it was Spectrum he was buying.

So T-Mobile AT&T share prices plummeted as Musk made his moves to shake up the industry.

SpaceX announced that they will acquire technology that will allow them to challenge phone carriers across the United States with satellite-based service.

Now, a quick explainer here.

Spectrum is the radio frequencies that your phone uses to carry your calls and data.

And by buying these spectrum licenses, that gives SpaceX the right to use those airwaves.

And the spectrum that SpaceX bought is low band spectrum, which travels far and goes through walls.

And that's why the market kind of freaked out on this news.

Shares of AT&T, Verizon, and T-Mobile are all down more than 7% this morning at the time of this recording.

But the thing is, buying Spectrum doesn't mean that SpaceX will suddenly have a nationwide network ready to go in the next few months.

They still need to build out the ground infrastructure, like installing cell phone towers for reliable indoor coverage, and that could take years and billions of dollars of investments.

Today, we are systematically dismantling the traditional multiple sclerosis phenotypes.

We are reviewing the paper From Phenotypes to Spectrum, Rethinking Relapsing Remitting Multiple Sclerosis, Secondary Progressive Multiple Sclerosis, and Primary Progressive Multiple Sclerosis in the Era of Progression Independent of Relapse Activity.

This was authored by Georgi V. Vasilev, Sonia Ivanova, and Ivan Milanov.

Published in 2026.

Um, and they need to make sure that they control it.

They control... 'Cause even, I, I bet in the boardrooms of AT&T and Verizon, um, there's probably some discussion of, you know, "Hey, AST is a great partner today, but in the future, could they be a competitor? They just bought Legato Spectrum.

They're saying they're gonna use it with us.

Uh, that service will only be, that spectrum will only be brought to bear through, through us as partners, but in the future, um, what if we become too dependent on them?" Right? And so, um, that's where this joint venture, as I talked about before, um, makes sense for the three to work together cooperatively and to advance the technology.

All of which brings up a familiar question that was also addressed in last week's news.

Where does the next round of wireless capacity come from? Two new reports offered competing answers for Spectrum between 4.4 and 4.94 GHz.

On one hand, CTIA favors clearing federal users from Spectrum and auctioning licenses for full-power commercial use.

It wants Spectrum identified by 2028 and an auction by 2030.

On the other hand, spectrum analytics firm Velo Analytica argued that sharing with existing federal users could open access sooner, while clearing could cost tens of billions of dollars and take a decade or more.

The two don't agree on how busy the band is.