T-Mobile's market value sank to US$159.4bn
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The story behind it
SpaceX bought the airwaves for a phone network, and T-Mobile fell 13.27% Read the edition →SpaceX on the calendar
Next results: date to come. It goes on the calendar as soon as SpaceX announces it. Economic calendar →
The story behind it
SpaceX bought the airwaves for a phone network, and T-Mobile fell 13.27% Read the edition →SpaceX on the calendar
Next results: date to come. It goes on the calendar as soon as SpaceX announces it. Economic calendar →What the chart shows
SpaceX agreed after Thursday's close to buy low-band spectrum from Grain Management, an infrastructure investor that bought the licences from T-Mobile in August. The plan is to pair Starlink's satellites with towers and small cells on the ground. T-Mobile, AT&T and Verizon all fell on Friday.
For T-Mobile, that fall came on top of a long decline in what the market pays for the business. Its market value reached US$256.2 billion at the end of 2024, slipped to US$227.1 billion by the end of 2025 and stood at US$159.4 billion on 9 October. Its revenue still grew, to US$88.3 billion in 2025 from US$81.4 billion in 2024.
The FCC still has to sign off, and the carriers will be watching how quickly SpaceX gets equipment onto the ground.
The numbers
Two scales, US$bn: yearly revenue on the left; market value at each year end and on 9 Oct 2026 on the right. The value was 256.2 at the end of 2024.
| Revenue, US$bn | Market value, US$bn | |
|---|---|---|
| 2021 | 80.1 | 144.9 |
| 2022 | 79.6 | 174.2 |
| 2023 | 78.6 | 185.4 |
| 2024 | 81.4 | 256.2 |
| 2025 | 88.3 | 227.1 |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
