šØ Elon Musk shakes up U.S. telecom giantsāand billions evaporate from the stock market! šš°ļø
$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.
š The result? A sharp drop in AT&T, Verizon, and T-Mobile shares amid fears of a new competitor.
š Meanwhile, shares in telecom tower companies rose, as they are expected to benefit from Starlinkās network expansion.
ā ļø Investment perspective: Musk isnāt targeting satellite internet alone; heās aiming to compete with traditional phone companies. But the projectās success will require massive investment and regulatory approval.
ā Are we witnessing the beginning of the end of traditional telecom companiesā 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.
š The result? A sharp drop in AT&T, Verizon, and T-Mobile shares amid fears of a new competitor.
š Meanwhile, shares in telecom tower companies rose, as they are expected to benefit from Starlinkās network expansion.
ā ļø Investment perspective: Musk isnāt targeting satellite internet alone; heās aiming to compete with traditional phone companies. But the projectās success will require massive investment and regulatory approval.
ā Are we witnessing the beginning of the end of traditional telecom companiesā dominance?
#SpaceX #WallStreet #ElonMusk