I get why T-Mobile, Verizon and AT&T got hammered after the SpaceX news, but isn't the market getting a bit ahead of itself here?
SpaceX still needs to spend a ton of money to make this work. The current satellites aren't just compatible with the new spectrum, and there's still a bunch of regulatory to do. This stuff takes years
Also, telcos are expensive businesses to run and not exactly the most profitable. SpaceX has Starship, Starlink and a bunch of other projects to fund. Are they really gonna throw billions at competing with telcos directly, or would partnering with them make more sense?
Maybe I'm missing something, but I wonder if this sell-off is an overreaction
People have as well a negative anti Musk sentiment and if I can believe they gonna trust him with cabs I doubt they would love to give him the power to control the entire internet and roaming stuff.
Musk is known to start a lot of projects high and then leaving them. Do you think is it the case for Telco business or he will really expand into it making a real threah to Telcos?
Puts or calls on T-mobile, Verizon and AT&T?