SpaceX Could Acquire T-Mobile As It Expands Into Wireless, Analyst Says
Key takeaways
- “Another thought would be [for SpaceX] to acquire AT&T,” Williams suggested.
- SpaceX could raise the money to buy T-Mobile by selling more of its own stock, which Williams said it could do without significantly reducing existing shareholders’ ownership stakes.
- Williams suggested SpaceX may also acquire a cable TV company, noting both Comcast and Charter Communications reached wholesale network agreements with Verizon, making them potentially attractive to SpaceX.
Topline T-Mobile would be the most logical acquisition target for Space X should it fail to strike a deal to use another company’s wireless network, one analyst suggested Thursday, as Elon Musk’s rocket maker seeks to expand Starlink into a broader wireless business.
T-Mobile would be the “clear choice” for Elon Musk’s rocket maker’s expansion into wireless, one analyst said.AFP via Getty Images Key Facts Space X outlined its hopes to expand into wireless in its initial public offering filing last month, casting its Starlink Mobile as a potential competitor to Verizon, AT&T and other providers.
TD Cowen analyst Gregory Williams wrote Thursday that T-Mobile would be the “clear choice” for SpaceX if it does not reach a wholesale network deal, or if Musk’s firm would rather own a wireless business outright, citing SpaceX’s existing partnership with T-Mobile through its Starlink business.