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Starlink Threats Shake AT&T’s Future | Raleigh News
AT&T’s stock is under new pressure as Wall Street slashes its price target, citing an unexpected rival from outer space: Elon Musk’s Starlink. Morgan Stanley cut AT&T’s target from $30 to $25, mirroring similar moves for T-Mobile and Comcast, warning that SpaceX’s rapid satellite rollout—especially direct-to-phone service post-2027—could slash AT&T’s customer growth and inflate its costly fiber build-out. With Starlink’s $669 customer acquisition cost dwarfing AT&T’s $2,400, the telecom giant faces churn and cash flow strain, threatening its dividend reliability—even as management vows to…
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