Deutsche Telekom says investors already pricing in SpaceX wireless threat

Deutsche Telekom is preparing for the arrival of Elon Musk’s SpaceX in the U.S. mobile market, with Chief Executive Tim Hoettges saying on Thursday investors were already pricing in lower long-term profitability for established wireless operators.

Hoettges said Deutsche Telekom had to assume SpaceX’s entry into the U.S. mobile market would materialise, even though building a nationwide network would require significant investment and time.

“We have to assume that it is coming,” he told reporters.