JPMorgan cites concerns from SpaceX spectrum deal
JPMorgan analysts said SpaceX’s latest spectrum deal could renew worries about competition in U.S. wireless services, including the possibility of a new entrant or a fourth carrier, and the resulting pressure on major carriers.
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1045 ET - SpaceX's latest spectrum deal could stir up a fresh bout of worries over further competition for the big three wireless carriers, JPMorgan analysts say in a note. Beyond concerns over a new wireless entrant, or potential fourth carrier, the deal raises the risk that the leading players will need to spend more in upcoming spectrum auctions, the analysts say. However, the near-term risk to the wireless incumbents--which include Verizon, T-Mobile and AT&T--is still limited given the time, infrastructure and capital required to build a competitive terrestrial network, they say. (kelly.cloonan@wsj.com) (END) Dow Jones Newswires October 09, 2026 10:46 ET (14:46 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.