SpaceX isn’t the wireless threat that investors fear — unless someone breaks this unspoken agreement
- Investing Markets
Ramit Sethi- 0
- 3 minutes read
Telecom Stocks
It would likely be too expensive and time-consuming for SpaceX to build a mobile network on its own. But the major wireless carriers have to hope one of their rivals doesn’t sell out.
Ever since T-Mobile and Sprint merged in 2020, the U.S. wireless-communications market has operated as a comfortable oligopoly. But lately, investors have worried that Elon Musk’s SpaceX plans to disrupt what’s been a predictable market for telecommunications services.
SpaceX’s SPCX Starlink business has so far been a niche provider to rural areas. But the company’s initial-public-offering prospectus in May revealed that Starlink Mobile has ambitions to massively penetrate suburban and urban markets too — with the goal of providing better connectivity than what can be offered by cell towers on the ground.
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