Market News / Story
Is SpaceX’s Starlink About To Change The Telecom Game? Experts Weigh In
Stocktwits ·
Stocktwits reports: The telecom industry took a hit on Thursday after Elon Musk’s SpaceX (SPCX) said it is on track to compete with major U.S. mobile carriers, adding that it had agreed to acquire up to 14 megahertz of paired spectrum in the 800 MHz band. Shares of AT&T (T) , T-Mobile US (TMUS) , Verizon (VZ) and Comcast (CMCSA) slipped following the news. Experts believe that Starlink’s formal entry into the telecom space will disrupt the sector. Investor and influencer Sawyer Merritt said…