Telecom Investors Await Musk's Next Move -- WSJ

By Drew FitzGerald

SpaceX spooked telecom investors this month after it snapped up a sliver of spectrum used for U.S. cellphone service. The toe-dip left telecom investors puzzling over Musk's next move: The satellite operator needs ground-based infrastructure to do much with the airwaves.

Wireless companies have responded by closing ranks. T-Mobile is dropping Starlink's brand off its satellite service, and the big three carriers are backing their own satellite-based venture outside of Starlink's shadow. Tuesday's earnings call could reveal more about the depth of SpaceX's wireless ambitions.

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(END) Dow Jones Newswires

October 20, 2026 15:14 ET (19:14 GMT)