SpaceX Will Disrupt $1.6 Trillion US Communications Industry, Oppenheimer Says

AT&T’s stock is seeing its worst day in 8 months as the SpaceX threat comes into focus

Investors aren’t thinking enough about the risk posed by SpaceX’s satellite ambitions, an Oppenheimer analyst warned.

SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says

June 3 : SpaceX will disrupt the $1.6 trillion U.S. communications industry as the Elon Musk-led company's satellite broadband unit Starlink expands, Oppenheimer said in a note on Wednesday, adding that legacy broadband providers like AT&T may be most at risk.The brokerage raised its estimate for 2035 space r

AT&T downgraded ahead of SpaceX IPO on coming broadband competition from Starlink

Space-based internet has its sights on traditional broadband providers

AT&T Shares Fall After SpaceX Signals, Wall Street Looks Hard at Fiber Plans

AT&T shares plunged 4.4% to $23.55 after Oppenheimer downgraded the stock and removed its $32 price target, warning that SpaceX’s Starlink could threaten AT&T’s broadband and mobile growth as it expands, sparking sector-wide declines for Verizon and T-Mobile despite AT&T’s new fiber offerings and ongoing $250 billion network investment. The post AT&T Shares Fall After SpaceX Signals, Wall Street Looks Hard at Fiber Plans appeared first on TechSt…

Oppenheimer says SpaceX and Starlink could upend the telecom industry

SpaceX’s growing satellite internet business could disrupt the $1.6 trillion U.S. communications industry, according to a new analysis from investment firm Oppenheimer, highlighting the increasing competitive threat posed by Elon Musk’s company to traditional broadband providers. In a note released Wednesday, Oppenheimer said SpaceX’s satellite broadband division, Starlink, is positioned to reshape the communications landscape as its network exp…

AT&T (T) Stock Plummets 4% on Satellite Broadband Competition Concerns

Key Takeaways Timothy Horan from Oppenheimer downgraded AT&T shares from Outperform to Perform, eliminating his previous $32 price target. Shares of AT&T declined 4.4% to $23.56 on Wednesday, marking the steepest single-session decline since October 2025, with year-to-date losses now at 5.2%. The analyst’s bearish stance stems from increasing competition in satellite broadband, particularly from SpaceX’s Starlink and Amazon’s Leo platforms, whi…