In Satellites, Antitrust Could Lead to Less Competition

By Jon Sindreu, The Wall Street Journal

For stock investors, a new risk is orbiting the satellite market: By trying to preserve competition, antitrust regulators could end up placing even more power in the hands of a privately-owned behemoth—Elon Musk‘s Starlink.

On Monday, British satellite telecommunications company Inmarsat reported that earnings before interest, taxes, depreciation and amortization, or Ebitda, grew 17% in the third quarter relative to the same period of 2021. Between January and September, the free-cash flow margin was a fat 22%.

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