Elon Musk’s Next Target: The Cell Phone Industry | Starlink Wants to Dominate AT&T & Verizon

Valuetainment

Valuetainment

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Elon Musk isn’t building a phone. He’s coming for your phone bill.
SpaceX has confirmed plans to launch a consumer wireless carrier under the Starlink Mobile brand, putting it in direct competition with Verizon, AT&T, and T-Mobile. The FCC has approved SpaceX’s roughly $17 billion purchase of EchoStar spectrum to power its next-generation direct-to-phone service. When the plans first surfaced, Verizon and AT&T stock took their worst hit in years.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.  He currently resides in Ft. Lauderdale, Florida.