T-Mobile US (TMUS), the wireless communications giant, known for its nationwide network and competitive mobile plans, saw its shares plunge 13.3% on Friday, Oct. 9, hitting a 52-week low of $147.90 after SpaceX (SPCX) unveiled plans to acquire additional wireless spectrum.
The announcement sent fresh jitters through the telecom sector, reviving fears that Elon Musk’s rocket and artificial intelligence (AI) company could eventually emerge as the fourth mobile wireless provider in the United States. Yet, entering the wireless business involves far more than securing spectrum.
