Elon Musk wants to start Starlink mobile service, stocks of US carriers are already taking a hit

SpaceX plans to turn Starlink into a full mobile service to compete with US carriers. During a Tuesday earnings call, President Gwynne Shotwell said, "We definitely intend to build out the terrestrial component." Following her comments, shares of T-Mobile, Verizon, and AT&T fell between 2.2 per cent and 4 per cent.