Elon Musk says he can build a wireless carrier in two to three years. Is that possible?
Published . Updated .
Verizon says there is ‘no magic wand,’ but analysts note SpaceX may be targeting some shortcuts.
Directly affected
- SPCX Space Exploration Technologies-7.5% 14d
Named in this report.
Indirectly affected
- XLC Communication Services Select Sector SPDR-3.0% 16d
Communication Services Select Sector SPDR: it holds telecom companies. Linked by “wireless” (telecoms) in this story.
- VZ Verizon Communications-14.4% 18d
Verizon Communications (telephone communications (no radiotelephone)): telecoms move with network spending and rules. Linked by “wireless” (telecoms) in this story.
- T At&T-19.1% 30d
At&T (telephone communications (no radiotelephone)): telecoms move with network spending and rules. Linked by “wireless” (telecoms) in this story.
- TMUS T-Mobile US-16.7% 30d
T-Mobile US (radiotelephone communications): telecoms move with network spending and rules. Linked by “wireless” (telecoms) in this story.
- SPOT Spotify Technology S.A-0.2% 30d
Spotify Technology S.A (radio broadcasting stations): telecoms move with network spending and rules. Linked by “wireless” (telecoms) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SPCXNo price data for this ticker | — | — | — | — | — | — | — |
| XLCNo price data for this ticker | — | — | — | — | — | — | — |
| VZNo price data for this ticker | — | — | — | — | — | — | — |
| TNo price data for this ticker | — | — | — | — | — | — | — |
| TMUSNo price data for this ticker | — | — | — | — | — | — | — |
| SPOTNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Verizon says there is ‘no magic wand,’ but analysts note SpaceX may be targeting some shortcuts.
Source: MarketWatch
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Space Exploration Technologies (SPCX), worth $1,001 - $15,000 on 24 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Space Exploration Technologies (SPCX), worth $1,001 - $15,000 on 12 Aug 2026. That is 77 days before publication. Filed 9 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Verizon Communications (VZ) (held by a spouse), worth $15,001 - $50,000 on 25 Sep 2026. That is 33 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Verizon Communications (VZ), worth $1,001 - $15,000 on 18 Sep 2026. That is 40 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Verizon Communications (VZ) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 43 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. David J. Taylor bought At&T (T), worth $1,001 - $15,000 on 9 Oct 2026. That is 19 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Rohit Khanna bought At&T (T) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought At&T (T), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 68 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought T-Mobile US (TMUS), worth $15,001 - $50,000 on 28 Aug 2026. That is 61 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold T-Mobile US (TMUS), worth $500,001 - $1,000,000 on 21 Aug 2026. That is 68 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold T-Mobile US (TMUS), worth $1,001 - $15,000 on 10 Aug 2026. That is 79 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Elon Musk says he can build a wireless carrier in two to three years. Is that possible?” scores 12 out of 100. The score uses 1 sources.