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The reported selloff puts a spotlight on how satellite-to-phone service could challenge established US wireless carriers as Starlink targets a larger mobile role.
The move reframes SpaceX from a launch-and-broadband story into something closer to a vertically integrated US telecom operator, with national coverage from low-earth orbit rather than cell towers.
A vertically integrated satellite-to-mobile stack is a different kind of competitor than the cable bundles and MVNOs incumbents have absorbed before, and a 7% intraday move suggests the market is…
The carrier is settling transactions and holding dollar reserves in the USDi stablecoin, a test of whether telecoms can turn their customer rails into financial services in volatile-currency markets.
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