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For years, America’s wireless giants competed on network coverage, pricing, and speed. Now, a company that built its business by sending rockets into space wants a piece of that market. Elon Musk's SpaceX (SPCX) plan to acquire spectrum to bring its vision closer to reality has posed a threat to the country's established mobile carriers.
After the announcement, the three largest telecom giants in the U.S., AT&T (T), Verizon Communications (VZ), and T-Mobile (TMUS) saw their shares fell sharply as investors were rattled by the possibility of a new competitor entering the wireless market. But is dethroning these legacy players, the telecom sector's heavyweights for years, really that easy? Has the market overreacted to the threat?
