Jul. 29 at 8:14 PM
Shares of AT&T, Verizon, and T-Mobile fell after reports that SpaceX is preparing a direct challenge to the U.S. wireless industry. According to Semafor, the company is seeking urban-quality spectrum through acquisitions or participation in next year’s federal spectrum auction, aiming to expand Starlink from a rural satellite provider into a full-scale mobile network operator.
Investor concerns intensified following reports that SpaceX has showcased a mobile-phone prototype and is exploring the construction of terrestrial tower networks. In its IPO filing, the company estimated the global mobile market at
$740 billion and projected Starlink’s mobile business could generate
$15 billion in annual revenue this year.
SpaceX is also developing hybrid satellite-terrestrial technology designed to provide seamless connectivity in dense urban areas, office buildings, and locations where traditional satellite coverage faces limitations.
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