Raymond James Upgrades T-Mobile, Citing Overblown SpaceX Competition Concerns

By EC Assets · Published 12 October 2026

Raymond James upgraded T-Mobile, stating that fears regarding competition from SpaceX are overblown. This assessment follows concerns that SpaceX's wireless initiatives could impact established U.S. carriers. Analysts from Bank of America also indicate that SpaceX's expansion into wireless services might benefit T-Mobile. SpaceX's acquisition of 800MHz spectrum signals its intention to directly compete with U.S. wireless carriers. Bank of America suggests that SpaceX's plans to expand into wireless services could be positive for T-Mobile US, tower operators, and spectrum values. Some market observers view SpaceX's wireless push as a potential threat to incumbents like AT&T, Verizon, and T-Mobile. However, the exact cost for SpaceX to challenge these carriers is a subject of discussion. This article is intended for informational purposes only. It does not constitute investment advice.