T-Mobile Shares Slide to 52-Week Low as Starlink Mobile Looms
TMUS•T-Mobile shares plunged to a fresh 52-week low on June 29 after a 7% drop in peers following SpaceX’s launch of direct-to-consumer Starlink mobile services. Satellite-powered connectivity and cable rivals’ hybrid wireless offerings threaten T-Mobile’s returns on decades of network investments.
1. Stock Decline Details
On June 29 T-Mobile shares fell to a new 52-week low as Verizon sank 7%—its worst single-day drop since mid-2023—and AT&T also suffered heavy losses, dragging the sector into a steep sell-off.
2. Satellite Threat from Starlink
SpaceX is preparing a major U.S. consumer push with direct-to-consumer Starlink mobile services, introducing a satellite-powered network that could undermine T-Mobile’s decade-spanning investment of tens of billions in cell towers and fiber.
3. Cable Competitors Expand Wireless
Traditional cable television and internet providers have steadily encroached on the mobile market, using hybrid models that blend leased cellular capacity with proprietary Wi-Fi networks to poach wireless subscribers.
4. SpaceX-Charter Partnership Talks
SpaceX and Charter Communications held executive discussions on routing mobile traffic through Charter’s terrestrial infrastructure, a deal that could accelerate Starlink’s market entry and intensify competition for T-Mobile.
