🚨 Elon Musk shakes up U.S. telecom giants—and billions evaporate from the stock market! 📉🛰️
$SPCX
SpaceX announced an agreement to acquire 800 MHz spectrum to bolster its Starlink Mobile project, which aims to make a major push into the mobile communications market starting in 2027.
📉 The result? A sharp drop in AT&T, Verizon, and T-Mobile shares amid fears of a new competitor.
📈 Meanwhile, shares in telecom tower companies rose, as they are expected to benefit from Starlink’s network expansion.
⚠️ Investment perspective: Musk isn’t targeting satellite internet alone; he’s aiming to compete with traditional phone companies. But the project’s success will require massive investment and regulatory approval.
❓ Are we witnessing the beginning of the end of traditional telecom companies’ dominance?
#SpaceX #WallStreet #ElonMusk
$SPCX
SpaceX announced an agreement to acquire 800 MHz spectrum to bolster its Starlink Mobile project, which aims to make a major push into the mobile communications market starting in 2027.
📉 The result? A sharp drop in AT&T, Verizon, and T-Mobile shares amid fears of a new competitor.
📈 Meanwhile, shares in telecom tower companies rose, as they are expected to benefit from Starlink’s network expansion.
⚠️ Investment perspective: Musk isn’t targeting satellite internet alone; he’s aiming to compete with traditional phone companies. But the project’s success will require massive investment and regulatory approval.
❓ Are we witnessing the beginning of the end of traditional telecom companies’ dominance?
#SpaceX #WallStreet #ElonMusk