BearBoB
Oct 10, 5:33 AM
$SPCX $T $VZ $TMUS $TMUS no material impact until 2029.Buy the fking dip!! First, the market isn't pricing 2026 earnings, it's pricing the trajectory. SpaceX isn't just buying this 800 MHz, it already bought mid-band from EchoStar and is expected at the 2027 FCC auction. Shotwell has talked about building terrestrial infrastructure too, not just rural satellite fill-in. That's the option value investors are scared of. Second, the rural-first framing cuts both ways: rural is where the threat starts, but it's also the lowest-margin business the telcos have. If Starlink Mobile eventually works in cities, that's when it gets real — and that's a years-and-tens-of-billions build. slow network, rural first, telcos keep the cities for years. Buying the dip is the consensus trade. Just know you're betting the build stays slow, not that the threat is imaginary.
0 replies