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Stock impact report

FCC Tells SpaceX, AST SpaceMobile to Stay in Their Lane With Satellite Spectrum [Yahoo! Finance]

Globalstar, Inc. (GSAT) 
Last globalstar, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: globalstar.com/investors
Company Research Source: Yahoo! Finance
The Federal Communications Commission has shot down a SpaceX request to tap the 1.6/2.4GHz radio spectrum that Globalstar uses for its satellite services, including on Apple iPhones. The denial is part of a Thursday FCC order intended to set clear rules on how companies use radio spectrum to power satellite-to-phone services, a market into which SpaceX, AST SpaceMobile, and Amazon-Globalstar are rapidly expanding. Satellite industry analyst Tim Farrar summed up the order as the FCC “telling everyone to stay in their lane.” The FCC added : “Specifically, the Space Bureau has released a decision that reaffirms existing licensees' exclusive rights to use certain D2D [direct to device] spectrum bands by dismissing the requests of several operators to enter those same bands.” SpaceX has long sought access to the 1.6/2.4GHz bands to bolster its satellite-to-phone service, Starlink Mobile. But in 2007, only Globalstar and Iridium were given exclusive access to the spectrum. SpaceX has Show less Read more
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