SpaceX wants to join the mobile market, but why?
SpaceX wants to enter the mobile market, and the prospect has sparked some selling of telecom stocks, notably the big three operators in the US. Existing operators can only lose from a newcomer on the market, but the question is how much, over what period. We expect the impact to be mainly in the US, and to be gradual, over a longer period. However, Starlink's motive for entering this market is questionable given the high capital requirements – also at its many other businesses.