Space Exploration Technologies Corp. Class A Common StockSpaceX's own earnings call outlines plans for terrestrial wireless network and power infrastructure, directly impacting its business.
SpaceX's latest earnings call triggered sharp moves in telecom and energy stocks after executives outlined plans to build a terrestrial wireless network and massive power infrastructure. COO Gwynne Shotwell said Starlink would target customers of AT&T, Verizon, and T-Mobile, which together generate roughly $600 billion a year, causing shares of those carriers to drop. Deutsche Telekom CEO Timotheus Hottges acknowledged the market reaction, calling it overblown but saying the company takes SpaceX's ambitions seriously. Separately, Elon Musk's comments about building 20 gigawatts of power lifted natural gas equipment suppliers GE Vernova and Baker Hughes, as well as power providers Constellation Energy, NextEra Energy, Vistra, and EQT Corporation. The call also boosted Nvidia after Musk said SpaceX would build exclusively on its Vera Rubin architecture, and highlighted Echostar's 261.8 million share stake in SpaceX as a direct beneficiary.
Space Exploration Technologies Corp. Class A Common StockSpaceX's own earnings call outlines plans for terrestrial wireless network and power infrastructure, directly impacting its business.
NVIDIA CorporationSpaceX will build exclusively on Nvidia's Vera Rubin architecture, boosting demand for its chips.
Arm Holdings plc American Depositary Shares
Dell Technologies Inc
Intel Corporation
Palantir Technologies Inc.
EchoStar CorporationEchoStar's 261.8 million share stake in SpaceX is highlighted as a direct beneficiary of SpaceX's plans.
AT&T Inc.SpaceX targets AT&T's customers with Starlink, posing a competitive threat.
T-Mobile US IncSpaceX targets T-Mobile's customers with Starlink, posing a competitive threat.
Verizon Communications IncSpaceX's Starlink plans to target AT&T, Verizon, and T-Mobile customers, threatening Verizon's market share.
Deutsche Telekom AGCEO acknowledges SpaceX threat but calls market reaction overblown; impact uncertain.
Twilio Inc
Baker Hughes CoMusk's plan to build 20 GW of power infrastructure boosts demand for GE Vernova's gas equipment.
Constellation Energy CorpSpaceX's power infrastructure plans increase demand for Constellation's electricity.
EQT CorporationSpaceX's power infrastructure plans increase demand for EQT's natural gas.
GE Vernova LLCMusk's plan to build 20 GW of power infrastructure boosts demand for GE Vernova's gas equipment.
Nextera Energy IncSpaceX's power infrastructure plans increase demand for NextEra's electricity.
Vistra Corp.Musk's plan to build 20 GW of power infrastructure boosts demand for Vistra's electricity generation.
Natera Inc