SpaceX plans to build a terrestrial mobile network to compete with the big three carriers

1. 1SpaceX (SPCX) on Tuesday unveiled plans during its first earnings call to build a terrestrial mobile network that will compete directly with AT&T, Verizon and T-Mobile
2. 2President and COO Gwynne Shotwell said the company plans to add terrestrial infrastructure such as base stations and small cells to its satellite services to create a true mobile service
3. 3Following the remarks, shares of AT&T, Verizon and T-Mobile each fell more than 4% in after-hours trading

Source Barrons.com +2 · View original ↗

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