SpaceX Eyes T-Mobile Acquisition; Q1 Revenue Up 10.6% to $23.11B
TMUS•A TD Cowen analyst sees T-Mobile as SpaceX’s prime acquisition target to anchor Starlink Mobile after U.S. carriers refused MVNO partnerships. T-Mobile’s Q1 2026 revenue rose 10.6% year-over-year to $23.11 billion while adding over 500,000 broadband subscribers.
1. SpaceX Acquisition Speculation
A TD Cowen analyst suggests T-Mobile is the clear choice for SpaceX’s acquisition to support the rollout of next-generation Starlink Mobile after major U.S. carriers declined MVNO partnerships. Starlink’s IPO volatility and refusal of network leases have intensified speculation that Elon Musk may pursue a full wireless carrier acquisition.
2. Strong Q1 Growth
In Q1 2026, T-Mobile reported revenue of $23.11 billion, marking a 10.6% year-on-year increase, and added over 500,000 broadband customers, outpacing Verizon and AT&T. The carrier absorbed temporary EPS headwinds from its $4.4 billion UScellular acquisition while consolidating its position as the fastest-growing broadband provider.
3. Upcoming Earnings and Community Grants
T-Mobile will host its Q2 2026 earnings call on July 23, outlining expected drivers for the second half. The company also completed its Hometown Grants initiative, deploying community investments across 500 U.S. towns to enhance local connectivity and goodwill.
