Oppenheimer Says SpaceX Could Disrupt a $1.6 Trillion Industry. AT&T and Verizon Investors Should Be Worried.
2026-06-07 04:25:00 ET
In a recent note to investors, Oppenheimer analysts suggest that SpaceX has the assets to disrupt the $1.6 trillion U.S. communications industry by way of the company's Starlink satellite broadband service.
Let's unpack how Starlink has the potential to pressure legacy telecommunications players such as Verizon Communications (NYSE: VZ) and AT&T (NYSE: T) , ultimately forcing investors to rethink some assumptions about the kind of infrastructure that will dominate the next era of data transmission.
According to SpaceX's S-1 filing , Starlink boasted 10.3 million subscribers at the end of the first quarter. Oppenheimer's 2030 forecast for Starlink's U.S. broadband customer base is currently 15 million, implying rapid acceleration over the next several years.
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