SpaceX earnings call remarks jolt telecom and energy stocks

EarningsProduct / Tech Impact 4
โดย Yahoo Finance·US·Read original
Summary · why it matters

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.

Impact on stocks 19

Artificial Intelligence · 6 stocks
NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

SpaceX will build exclusively on Nvidia's Vera Rubin architecture, boosting demand for its chips.

Cloud & Digital Infrastructure± Mixed · 6 stocks
EchoStar Corporation
ECHO
▲ PositiveCapitalrelevance

EchoStar's 261.8 million share stake in SpaceX is highlighted as a direct beneficiary of SpaceX's plans.

AT&T Inc.
T
▼ NegativeCompetitionrelevance

SpaceX targets AT&T's customers with Starlink, posing a competitive threat.

T-Mobile US Inc
TMUS
▼ NegativeCompetitionrelevance

SpaceX targets T-Mobile's customers with Starlink, posing a competitive threat.

Verizon Communications Inc
VZ
▼ NegativeCompetitionrelevance

SpaceX's Starlink plans to target AT&T, Verizon, and T-Mobile customers, threatening Verizon's market share.

Deutsche Telekom AG
DTE
± MixedCompetitionrelevance

CEO acknowledges SpaceX threat but calls market reaction overblown; impact uncertain.

Energy Transition & Power Demand · 6 stocks
Baker Hughes Co
BKR
▲ PositiveDemandrelevance

Musk's plan to build 20 GW of power infrastructure boosts demand for GE Vernova's gas equipment.

EQT Corporation
EQT
▲ PositiveDemandrelevance

SpaceX's power infrastructure plans increase demand for EQT's natural gas.

GE Vernova LLC
GEV
▲ PositiveDemandrelevance

Musk's plan to build 20 GW of power infrastructure boosts demand for GE Vernova's gas equipment.

Nextera Energy Inc
NEE
▲ PositiveDemandrelevance

SpaceX's power infrastructure plans increase demand for NextEra's electricity.

Vistra Corp.
VST
▲ PositiveDemandrelevance

Musk's plan to build 20 GW of power infrastructure boosts demand for Vistra's electricity generation.

Biotech & Genomic Medicine · 1 stocks

Theme Impact 7

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