Elon Musk’s plan for SpaceX to become a major mobile carrier sent shares of AT&T, Verizon and T-Mobile plunging and wiped out over $50 billion before lunch.

Mr. Musk, whose company SpaceX owns Starlink, has attacked the top executive of Delta Air Lines for not selecting the internet provider.

On the August 4, 2026 earnings call, SpaceX (NASDAQ:SPCX) chief executive Elon Musk predicted Starlink could carry the bulk of global internet traffic within 10 years, driven by a next-generation satellite that multiplies delivered bandwidth dramatically.

By Munsif Vengattil BENGALURU, Oct 8 (Reuters) - India defended its satellite internet approval process as fair and non-discriminatory on Thursday, hours after billionaire Elon Musk accused unnamed "oligarchs" of blocking Starlink's launch in the South Asian nation.

Elon Musk is founder of Tesla Motors and SpaceX among other companies. Read about his net worth, children, ex-wives, age, home country, DOGE position, and more.

Elon Musk’s biggest bets are hitting major turning points: a possible Hyperloop between Austin and San Antonio, Starship reaching orbit with satellites, Optimus robot production ramping up, and Tesla Semi deliveries finally rolling.

Elon Musk’s space company is buying spectrum licenses to help build a mobile network to compete with telecom giants.