Jun. 29 at 10:10 PM
Charter Communications shares jumped more than 9% on Monday as investors welcomed the possibility of a strategic partnership with SpaceX, even as Starlink's expansion into wireless services weighed on much of the broader telecommunications sector.
According to Oppenheimer analyst Timothy Horan, SpaceX is poised to disrupt the roughly
$1.6 trillion global communications industry through Starlink, forcing traditional telecom operators to either compete with or collaborate with the satellite internet provider. Charter is viewed as one of the companies that could benefit by partnering with SpaceX rather than competing directly against it.
The potential alliance comes as SpaceX continues expanding Starlink’s capabilities beyond broadband into direct-to-device mobile connectivity, a market that could reshape wireless communications. Since 2022, SpaceX has maintained an exclusive U.S. partnership with T-Mobile.
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