An analyst has floated the idea that Elon Musk's SpaceX could acquire T-Mobile in a bold wireless push, according to a report. The speculation arrives as Musk's net worth has fallen below the trillion-dollar threshold following a rout in SpaceX and Tesla shares, though he remains the wealthiest individual globally by a wide margin.
The acquisition theory reflects Musk's long-standing interest in telecommunications, as SpaceX's Starlink satellite network already competes in connectivity. Yet the timing is precarious: broader equity markets have turned volatile, with the Dow Jones and S&P 500 swinging amid inflation data and a sell signal from Apple, per MarketWatch.
SpaceX stock itself is being called a 'terrible buy' by one analyst, who warns that overhyped IPOs — including those of SpaceX, OpenAI, and Anthropic — rarely reward short-term investors. Micron bucked the trend with a surge, but the overall tone remains cautious.
Musk's empire faces a dual pressure: his flagship companies are losing value while he pursues new frontiers like a potential T-Mobile deal. For investors, the question is whether the dip in SpaceX and Tesla represents a buying opportunity or a signal to wait for clearer skies.
A counterpoint comes from Motley Fool, which argues Nvidia's near-term growth potential far exceeds SpaceX's, suggesting AI stocks may offer better returns despite the current turbulence.