SpaceX Makes a Major Move Into America's Wireless Market

This article first appeared on GuruFocus. Space Exploration Technologies Corp. (SPCX, Financials) has secured a multi-year deal with Qualcomm to provide network technology for Starlink Mobile as it looks to challenge major U.S. wireless carriers.The businesses stated base stations enabling high-capacity mobile coverage will employ Qualcomm's Dragonwing cellular infrastructure hardware and software.The terrestrial network will complement Starlink's satellite system, which is already delivering broadband service to millions of subscribers.SpaceX is attempting to rival Verizon, AT&T and T-Mobile by merging satellite communication with traditional cellular infrastructure.