Jul 8, 2026 – 4.46pmInvestment banks have downgraded Telstra and a suite of other ASX-listed telecommunications companies over fears that Elon Musk’s SpaceX will lure customers away from the highly concentrated industry.Analysts from Morgan Stanley and Jarden told clients on Wednesday that they had cut their projections for the telco giant’s share price over fears its earnings were under threat, including from SpaceX’s popular satellite internet service Starlink.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Investments banks are downgrading Telstra, and not because of the outage
Two major brokers have turned bearish on Australia’s biggest telco over fears that SpaceX will disrupt its business. It comes hot on the heels of a major network disruption.
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