SpaceX warned the European Commission’s proposed 2 GHz spectrum split could fragment service and hinder Starlink’s Ukraine operations while reserving bandwidth for IRIS. Meanwhile, the company plans a $20 billion bond offering to refinance its bridge loan following an $85 billion IPO.
SpaceX criticized the European Commission’s May proposal to allocate one-third of the 2 GHz band to non-EU operators while reserving the remainder for EU-based services, warning that splitting the spectrum into narrow segments could degrade Starlink’s direct-to-device connectivity and disrupt services in Ukraine. The company argued that prioritizing Europe’s IRIS constellation, which is not operational until 2029, may limit Starlink’s expansion through partnerships with Deutsche Telekom, Orange and future orders exceeding $1 billion.
SpaceX is preparing investor calls as soon as next Monday ahead of a proposed investment-grade bond offering of at least $20 billion, marking its first dollar-denominated bond issue. Proceeds are earmarked to refinance a $20 billion bridge loan taken after acquiring xAI in February and to fund data centers and computing infrastructure for AI initiatives following the $85 billion IPO priced at $135 per share.
