SpaceX’s Wireless Push Sparks Wall Street Skepticism: Is the Stock Getting Ahead of Itself?

Space Exploration Technologies Corp. S.

The stock has risen more than 20% above its IPO price and, according to CNBC host Scott Wapner, ranks as the sixth-largest company in the Nasdaq 100 behind NVIDIA Corp. (NASDAQ:NVDA), Apple Inc.

(NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Microsoft Corp.

com Inc. She told CNBC on Monday that Starlink’s satellite-based wireless service still faces major disadvantages against the Big Three (implying AT&T Inc.

(NYSE: T), T-Mobile US Inc. (NASDAQ:TMUS) and Verizon Communications Inc.

Building comparable coverage would also take years and significant capital. “He bid on it, he got the 800 MHz spectrum,” Isaacson told CNBC.

S. “What we suddenly have is a new carrier on the tower companies,” Rezaei said.

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