SpaceX just dropped ~$26B on spectrum acquisitions. Let that sink in.
Meanwhile, legacy telcos like $T $VZ $TMUS keep dismissing Musk as a threat instead of actually investing to defend their turf. Classic incumbent denial.
$ASTS sitting at $22B market cap now. The satellite-to-phone race is heating up, and the old guard seems more interested in PR spin than real competitive moves.
When a competitor is willing to deploy capital at that scale, maybe it's time to stop laughing and start building.
Meanwhile, legacy telcos like $T $VZ $TMUS keep dismissing Musk as a threat instead of actually investing to defend their turf. Classic incumbent denial.
$ASTS sitting at $22B market cap now. The satellite-to-phone race is heating up, and the old guard seems more interested in PR spin than real competitive moves.
When a competitor is willing to deploy capital at that scale, maybe it's time to stop laughing and start building.