Aug. 6 at 1:54 AM
SpaceX outlined plans to compete directly with AT&T, Verizon, and T-Mobile by expanding Starlink Mobile into a full mobile network that combines satellite connectivity with terrestrial infrastructure. COO Gwynne Shotwell said the company believes it can win a meaningful share of wireless subscribers, calling Starlink Mobile a major long-term growth opportunity. Following the comments, shares of the three wireless carriers fell more than 4% in after-hours trading.
To execute the strategy, SpaceX plans to build a ground network alongside its satellite constellation, requiring billions of dollars in investment, additional spectrum licenses, and access to thousands of cell towers. While the rollout is expected to take years, the company believes the combination of satellite and terrestrial coverage will provide a superior mobile service.
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