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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

SpaceX Won't Buy Verizon or AT&T: Analyst Says Elon Musk Will Build His Own Telco Instead

SpaceX valuation could take a hit if Musk buys a major telco. (Credit: Canva)

Amid market speculations about SpaceX planning the acquisition of a telecom carrier, Recon Analytics' Roger Entner believes that the rocket company is unlikely to buy a telco, but will create its own from the ground up.

The analyst believes SpaceX is following the same strategy Musk has used for two decades of acquiring critical assets and then building an entirely new business around them.

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