T-Mobile stock fell more than 13% on Friday after SpaceX announced plans to acquire more wireless spectrum.
Wall Street is skeptical SpaceX can upend the wireless industry soon, citing its lack of spectrum and the years needed to build infrastructure.
T-Mobile Chief Technology Officer John Saw argued that spectrum alone is not enough to deliver a great mobile experience to millions of customers.
https://www.barrons.com/articles/t-mobile-stock-spacex-spectrum-deal-74cff9f9