SPACEX OUTLINES PLANS TO TAKE ON AT&T, VERIZON, AND T-MOBILE

Summary from the TLDR newsletter

SpaceX plans to compete directly with mobile phone carriers in the US by complementing its satellite-based internet service with land-based infrastructure. The plan will require billions of dollars in investment into physical infrastructure. AT&T, T-Mobile, and Verizon have already said they will not give SpaceX access to their networks in a mobile virtual network operator capacity. They have formed a venture that aims to make satellite capabilities more readily available to mobile phone customers.