SpaceX's IPO could monopolise US' $1.6-tn cable TV industry: US brokerage

US brokerage Oppenheimer said SpaceX's upcoming $1.75 trillion IPO could disrupt the $1.6 trillion US communications industry, putting legacy broadband providers at risk. The brokerage noted that continued expansion of Starlink is expected to ⁠intensify challenges for cable firms, and could also target the $500 billion handset market as it pursues ambitions to eventually replace smartphones.