Space Exploration Technologies Corp. (NASDAQ:SPCX) agreed to buy nationwide low-band spectrum, and investor Gene Munster believes a smartphone will eventually follow, even though CEO Elon Musk has said he does not want to make one.
A Starlink Phone “Elon says he doesn’t want to make a phone. I still think $SPCX eventually will,” Munster said in a post on X Thursday.
“A vertically integrated handset on a Starlink mobile network could deliver features carriers can’t match, and cheaper service,” the Deepwater Asset Management Managing Partner added. Munster said that would hit Samsung Electronics harder than Apple Inc.
" Elon says he doesn’t want to make a phone. That’s a bigger problem for Samsung than Apple.
52% for Samsung, according to Statcounter. S.
” Musk’s Stance on Making a Phone At a Pennsylvania town hall in 2024, Musk said, "The idea of making a phone makes me want to die. But if we have to make a phone, we will.
" Earlier this year, Musk said a phone was not out of the question at some point, but that it would be "a very different device than current phones," built purely to run AI neural networks at maximum performance per watt. 30 in extended trading, according to Benzinga Pro.
Benzinga Edge rankings indicate that SpaceX’s stock shows a positive price trend in the short, medium, and long term. See More: Top Momentum Stocks Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
