SpaceX negotiates for 80 thousand US sites: why does Goldman Sachs see lower competition risk in European telecoms?
SpaceX’s expanding US ground-network footprint has heightened concerns about mobile competition, but Goldman Sachs believes European spectrum sovereignty and regulatory requirements constrain similar expansion. Switzerland, Germany and the UK are more vulnerable to the news, while European demand for sovereign networks benefits SES and Eutelsat.
Goldman Sachs ·