Market Chatter: SpaceX Considers Starlink Retail Mobile Service

MT Newswires Live06-26 19:41

SpaceX (SPCX) has told investors it is considering launching a Starlink retail mobile service for US consumers, the Financial Times reported Friday, citing people familiar with the matter.

The potential move would shift Starlink beyond its current model of working with telecom partners and into direct sales of mobile contracts to individual customers, according to the report. SpaceX also could build its own terrestrial US mobile network, the FT reported.

A direct-to-consumer Starlink mobile offering would put SpaceX in competition with Verizon (VZ), AT&T (T) and T-Mobile US (TMUS), the report said.

SpaceX did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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SpaceX also could build its own terrestrial US mobile network, the FT reported.A direct-to-consumer Starlink mobile offering would put SpaceX in competition with Verizon (VZ), AT&T (T) and T-Mobile US (TMUS), the report said.SpaceX did not immediately respond to MT Newswires' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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