Musk Says SpaceX Could Buy a Legacy Telco and Use Its Spectrum 10 Times Better

SpaceX paid $17B for EchoStar spectrum and Musk claims it can deploy those airwaves ten times more efficiently, signaling a credible new US wireless entrant and a structural threat to incumbent pricing power. Deutsche Telekom argues roughly $220B is needed to compete, tempering near-term disruption risk. Expect valuation pressure and heightened M&A speculation rather than immediate earnings impact.