20 hours ago
3
Kanchana Chakravarty
Wed, June 3, 2026 astatine 9:16 AM CDT 1 min read
By Kanchana Chakravarty
June 3 (Reuters) - SpaceX volition disrupt the $1.6 trillion U.S. communications manufacture arsenic the Elon Musk-led company's satellite broadband portion Starlink expands, Oppenheimer said successful a note connected Wednesday, adding that bequest broadband providers similar AT&T whitethorn beryllium astir at risk.
The brokerage raised its estimation for 2035 abstraction gross to $800 cardinal from $500 cardinal earlier, up of the company's highly anticipated IPO this month.
• The enlargement of Starlink is expected to further pressure cablegram firms, which are already losing subscribers.
• Oppenheimer said companies specified arsenic AT&T, Verizon Communications and T-Mobile could spot faster declines successful subscribers and gross going forward.
• The brokerage expects Starlink to "entrench itself successful galore captious applications, reducing churn and expanding pricing power."
• Oppenheimer raised its 2030 estimates for U.S. broadband subscribers to 15 cardinal from 10 cardinal earlier.
• SpaceX's emergence could besides pat into the half-a-trillion-dollar handset marketplace arsenic the institution aims to regenerate smartphones, Oppenheimer said.
• "Should SpaceX execute connected its mission...it volition beryllium the modern-day East India Company of space, controlling routes, infrastructure, and commerce of an full frontier and giving it a quasi-sovereign reach, far beyond that of any mean corporation," Oppenheimer said.
• The institution is set to debut connected the Nasdaq on June 12 and is aiming to scope a $1.75 trillion valuation successful the IPO, Reuters has reported.
• SpaceX's valuation is grounded in Starlink, which has over 10 cardinal subscribers, and a motorboat concern that analysts and investors accidental has transformed entree to orbit.
(Reporting by Kanchana Chakravarty successful Bengaluru)
.png)
English (CA) · 
English (US) · 
Spanish (MX) ·