SpaceX's Threat to the Telecommunications Market and AT&T's Response
SPCX Space Exploration Technologies Corp
$162.57 +1.25%
View chart & analysis → - 1Scotiabank cut its price target for AT&T from $29.25 to a lowered $27.50, citing competition from SpaceX and AI disruption.
- 2AT&T CEO John Stankey emphasized that AT&T's fiber speeds are three times faster than satellites, claiming fiber can outperform satellites.
- 3SpaceX agreed to pay approximately $17 billion to acquire EchoStar's licenses to support Starlink's next-generation direct-to-device network.
So what's the key point?
Competition for AT&T is intensifying as SpaceX expands its satellite communications business. Consequently, experts have lowered their price target for AT&T stock to $27.50.
Source TIKR · View original ↗
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