SpaceX Might Soon Launch a Starlink Mobile Internet Service, Competing Directly With AT&T and Verizon
SpaceX could be taking aim at the $1.6 trillion U.S. communications industry.
Overview
Space Exploration Technologies (NASDAQ:SPCX) is much more than just a rocket-launching company. SpaceX has several businesses, and it now appears to be entering the retail mobile service market as well.
Financial Times reported that SpaceX President Gwynne Shotwell told investors at a recent IPO roadshow that SpaceX is considering launching a Starlink retail product, and could build its own wireless communications infrastructure.
Details
Such a move would put SpaceX, which had its record-breaking IPO two weeks ago, in direct competition with T-Mobile US (NASDAQ:TMUS), Verizon Communications (NYSE:VZ), and AT&T (NYSE:T).
Source
Originally published at www.fool.com.
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