SpaceX detailed plans to directly compete with America's largest mobile operators by building ground-based infrastructure to complement satellite internet services. On August 4, local time, SpaceX President and Chief Operating Officer Gwen Shortwell said in the company's first earnings conference call that AT&T, Verizon, and T-Mobile, the three major US operators generate hundreds of billions of dollars in revenue every year. “I expect we'll be able to attract quite a few of their customers because I think our service would be better,” she said. “I'm very excited about the future of Starlink Mobile.” “We will definitely be building terrestrial network infrastructure,” Shotwell said. “In this way, in addition to the communication capacity provided by the satellite itself, we will also deploy the necessary hardware and systems to create a true mobile communication service.” AT&T, Verizon, and T-Mobile shares all fell more than 4% in after-hours trading.

SpaceX detailed plans to directly compete with America's largest mobile operators by building ground-based infrastructure to complement satellite internet services. On August 4, local time, SpaceX President and Chief Operating Officer Gwen Shortwell said in the company's first earnings conference call that AT&T, Verizon, and T-Mobile, the three major US operators generate hundreds of billions of dollars in revenue every year. “I expect we'll be able to attract quite a few of their customers because I think our service would be better,” she said. “I'm very excited about the future of Starlink Mobile.” “We will definitely be building terrestrial network infrastructure,” Shotwell said. “In this way, in addition to the communication capacity provided by the satellite itself, we will also deploy the necessary hardware and systems to create a true mobile communication service.” AT&T, Verizon, and T-Mobile shares all fell more than 4% in after-hours trading.