SpaceX plans to challenge AT&T, T-Mobile, and Verizon by launching Starlink Mobile, leveraging satellite technology and acquiring spectrum licenses for direct terrestrial service.

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

COO Gwynne Shotwell thinks the venture could grab a significant piece of the nearly trillion-dollar US mobile communications market

Satellite network to be paired with ground-based infrastructure for wireless service