SpaceX's Low-Band Spectrum Deal Not Enough to Challenge Big Three Carriers, MoffettNathanson Says
MT newswire2026/10/09 17:3001:30 PM EDT, 10/09/2026 (MT Newswires) -- SpaceX (SPCX) management is correct that low-band spectrum is necessary for coverage and in-building penetration, but the company remains far from having the assets needed to compete with the "Big Three" carriers, MoffettNathanson said Friday in a note. SpaceX would need to construct a terrestrial network to offer a competitive service, which would cost tens of billions of dollars and take many years to build, according to the note. MoffettNathanson said Starlink's only viable path to becoming a competitor to the big three carriers would be to secure a mobile virtual network operator agreement with one of them. Acquiring spectrum was Starlink's best option for gaining the negotiating leverage needed to secure such an agreement, the note added. None of the big three carriers intends to enable Starlink as a competitor by granting it an MVNO agreement, according to the brokerage. T-Mobile (TMUS), whose T-Satellite service is powered by Starlink, recently removed Starlink's name from its website and marketing materials, MoffettNathanson said. Telecom stocks fell sharply following the spectrum deal. However, the brokerage does not believe Starlink's direct-to-device service poses a material risk to Verizon (VZ), AT&T (T), or T-Mobile. Price: 162.11, Change: +1.54, Percent Change: +0.96
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Coca-Cola FEMSA Shares Rise After JPMorgan Upgrade
Bank of Canada: Inflation-growth tradeoff keeps policy on hold – RBC
Data: If ETH breaks above $2,537, the cumulative short liquidation intensity on major CEXs will reach $862 millions.
Strategic oil reserves near record lows and still to be tapped! The United States plans to provide up to 17 million barrels of crude oil.
Data released this week show that the size of the US Strategic Petroleum Reserve is only about 13 million barrels less than its original scale when the reserve system was established. The US Department of Energy's recent call for companies to participate in crude oil exchange programs is part of the action following the March agreement among IEA member countries to release a total of 400 million barrels from their reserves this year. At that time, the US pledged to release 172 million barrels from its strategic reserves, but there has been limited participation from companies in the exchanges since then. Analysts believe that recent supply disruptions caused by hurricanes and other factors may prompt the US government to make further use of its reserves.
Crypto prices
More
