Oppenheimer Says SpaceX Could Disrupt a $1.6 Trillion Industry. AT&T and Verizon Investors Should Be Worried.

Oppenheimer analysts believe SpaceX's Starlink satellite broadband service could disrupt the $1.6 trillion U.S. communications industry. With 10.3 million subscribers and a projected 15 million U.S. customers by 2030, Starlink's low-latency satellite internet poses a competitive threat to legacy telecom providers like AT&T and Verizon. The analysts suggest SpaceX could expand beyond broadband into enterprise markets, emergency response, military operations, and potentially handset manufacturing, while avoiding the massive infrastructure costs of terrestrial networks.