SpaceX is coming for T-Mobile, AT&T and Verizon

SpaceX is preparing to build a terrestrial mobile network to "acquire quite a few" of the customers now subscribed to T-Mobile, AT&T, and Verizon. The message to compete head-to-head with the US carriers was delivered by SpaceX president Gwynne Shotwell and CEO Elon Musk during the Q&A section of the company's first earnings call. "The spectrum that we purchased from EchoStar does have terrestrial components, so we definitely intend to build out the terrestrial component," said Shotwell.