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✉news ScienceSpace first seen 2 d ago, last 1 d ago, peak #1

SpaceX move into direct-to-phone service rattles US carriers

Original: Elon Musk's SpaceX just made a huge play to challenge the phone industry and stocks like AT&T, T-Mobile and Verizon are getting crushed

Elon Musk's SpaceX has made a major push to challenge the mobile phone industry, and shares of carriers including AT&T, T-Mobile and Verizon are being hit hard as a result. Investors appear to be weighing what SpaceX's satellite-based ambitions could mean for the traditional telecom business model, with the market reacting sharply to the news.

Why now: SpaceX's entry into the telecom space is shaking investor confidence in major US mobile carriers

Elon MuskSpaceXAT&TT-MobileVerizon

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