SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile
SpaceX announced an agreement on Thursday to purchase a nationwide spectrum portfolio as it pushes its Starlink service deeper into the U.S. telecommunications market. Shares of AT&T, Verizon and T-Mobile tumbled in extended trading. The deal involves the acquisition of a spectrum portfolio from Grain Management, which specializes in digital infrastructure, and is subject to…