Sen. Elizabeth Warren and Rep. Greg Casar sent letters to the Justice Department and the FCC, raising concerns that the deal could give SpaceX an "insurmountable lead" in the fledgling satellite-to-phone market and effectively neutralize its competitors. ⚖️
The lawmakers are urging agencies to scrutinize or block the transfer if it is found to be anticompetitive or goes against the public interest. They argue that by leveraging this spectrum, SpaceX could dominate the industry and pressure mobile carriers to partner with Elon Musk’s company.
The deal is currently not slated to fully close until November 2027.
#SpaceX #Starlink #EchoStar #Antitrust #ElonMusk #TechNews
📸: Getty Images
Like what you're reading? Don't miss out on our latest stories. Add PCMag as a preferred source on Google. 🏅