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Analyst says SpaceX is unlikely to pressure AT&T wireless for years

The concern for wireless stocks is more about Starlink being a potential overhang, not immediate competitive risk from SpaceX.

Reported · Written up by our desk · Sectors

MarketWatch reports that an analyst believes AT&T does not need to worry about SpaceX in the near term, saying the company likely will not face meaningful pressure for years.

The outlet also cautioned that even if SpaceX is not an immediate factor, Starlink could still act as an overhang for wireless stocks.

The reported takeaway is that investors may view the satellite broadband effort as a longer term wildcard for the wireless sector rather than a short term threat.

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