SpaceX's Starlink Seen Disrupting $1.6 Trillion Telecom Industry, Analysts Say
Oppenheimer analysts warn that SpaceX's Starlink satellite network could disrupt the $1.6 trillion U.S. communications industry, causing shares of Verizon, AT&T, and T-Mobile to decline. The company's upcoming IPO, reportedly the largest ever at $75 billion, has fueled valuation estimates between $2.5 trillion and $2.6 trillion, nearly double Bitcoin's market cap. Conflicting views persist: Daiwa Securities called the valuation 'catastrophic,' while options traders remain bullish. Meanwhile, SpaceX has signed large cloud-computing deals, creating an $82 billion opportunity separate from its AI ventures. The IPO may also divert retail investor funds from cryptocurrencies, keeping crypto prices subdued.
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Oppenheimer Says SpaceX Could Disrupt a $1.6 Trillion Industry. AT&T and Verizon Investors Should Be Worried.
In a recent note to investors, Oppenheimer analysts suggest that SpaceX has the assets to disrupt the $1.6 trillion U.S. communications industry by way of the company's Starlink s ...
SpaceX's much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action.
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