Real Alpha has cut 4 moments of Walter Piecyk (Partner & TMT analyst, LightShed Partners) talking, from an interview on Decoder published Oct 17, 2026.
What Walter Piecyk said
SpaceX will still need macro towers
“But you need macro towers for the type of coverage and penetration and power that it's just, I mean, not to explain physics to SpaceX, they probably know it better than anybody.”
Walter Piecyk20:31 Verizon has lost its network advantage
“The networks are effectively commoditized. These networks are basically the same, right? And they're getting 60% margins.”
Walter Piecyk42:33 Mobile service gives SpaceX another valuation narrative
“Because what do all of these things need? Whether it's robotaxi, whether it's data centers in space, they need money. And money needs a narrative.”
Walter Piecyk27:42 SpaceX could sell service before its network is complete
“And I think the same thing can happen here where they'll sell something that'll probably rely on other assets that are out there”
Walter Piecyk11:55
The episode
DecoderWhy Elon Musk wants to sell you cell service | Decoder
Walter Piecyk · Telecom Analyst, LightShed Partners
18:41of 51:27 · Oct 17
