SpaceX plans to build a terrestrial mobile service using acquired spectrum licenses. This move could challenge established wireless carriers like Verizon and AT&T. The company aims to integrate its satellite network with ground infrastructure for broader coverage. Analysts caution that building a nationwide network will require significant investment and time. Investors are watching closely as SpaceX pursues ambitious expansion in connectivity services.

Elon Musk reveals plans for Starlink Mobile, leveraging EchoStar spectrum to create a 100x better network. Legacy carriers' stocks slip.

Aug 4 : SpaceX's ambition to build a full-fledged mobile service rattled investors in the U.S. wireless sector on Tuesday, as the company outlined plans that could eventually pit…