SpaceX (SPCX) is moving into the telecom market, and the article says it throttled many wireless carriers including AT&T, T-Mobile and Verizon last week, leaving their shares slow to recover. The view that Starlink will quickly crush these carriers is unrealistic, since building a wireless network would likely cost hundreds of billions of dollars. Pivotal Research argues the deeper reason is that this push helps fund a private mesh network for Tesla's cyber cabs, robots and other devices, with each added fixed Starlink customer making that mesh denser. The host suggests Musk wants control over his own broadband capacity and must buy spectrum to support a future of millions of robots and cyber cabs.
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