Aug. 11 at 3:35 PM
$VZ $T $TMUS $SPCX SpaceX has a message to Verizon and the rest of Big Telecom: Can you hear me now?
While the inaugural SpaceX earnings call last week unsurprisingly revealed that the company has lost
$2 billion through the first half of the year, it also showed that Starlink continues to be a serious money-maker. The satellite communications division netted
$1.6 billion in profit in the second quarter, and SpaceX President Gwynne Shotwell said the unit's next goal is to capture some of the
$600 billion in annual revenue currently controlled by Verizon, AT&T and T-Mobile.