Disrupting the $1.6 trillion market? SpaceX (SPCX.US) plans to launch "Starlink" mobile service, targeting the three telecom giants in the United States.

According to information obtained by the Zhitong Finance APP, informed sources have revealed that Elon Musk's SpaceX has plans to launch a new Starlink mobile service for American consumers. This move means that the space giant known for reusable rockets and satellite internet will officially enter the core territory of Verizon, AT&T, and T-Mobile, and directly compete with them. Gwynne Shotwell, President and Chief Operating Officer of SpaceX, stated during a recent initial public offering (IPO) roadshow to investors that the company is considering launching a Starlink retail product and may establish its own ground mobile network in the United States.