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A chart a day keeps the doctor away - the thesis behind the $XNET trade. Tracking XNET, DePIN, telecom and wireless infrastructure space.

Joined October 2026
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SpaceX just bought nationwide low-band spectrum and the big three carriers dropped 5 to 7% after hours. Everyone's asking if AT&T and Verizon are in trouble. The better question is where they find the capacity to fight back, because the numbers are ugly 🧵 $XNET #DePIN
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SpaceX is worth about $2 trillion. AT&T, Verizon and T-Mobile together are worth less than a quarter of that. And as of Thursday, the FCC is clearing a path for it to sell you a phone plan. So how worried should the carriers be? I dug into the numbers 🧵 $T $TMUS $VZ
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That’s what @XNET_Mobile does. Phones hop onto Wi-Fi that’s already in shops, venues and offices, and the carrier pays only for the data used. XNET carried 1,556 TB from January to September, about 5x a year earlier. No towers, regulatory burden or spectrum auctions.
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SpaceX has the cash and the sky. The carriers have the customers and need cheaper capacity, fast. Renting it by the gigabyte inside buildings is about the cheapest way to get it. That’s the gap XNET was built for. Join the ride! solana:xNETbUB7cRb3AAu2pNG2pUwQcJ2BHcktfvSB8x1Pq6L #DePIN
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XNET Signal retweeted
Bringing decentralized wireless to Silver Dollar, Athens! Catching the nighttime view of City Hall or playing cards with friends just got a boost as @XNET_Mobile arrives. Dawg Nation's hub since 2011 is backed by #XNET and $XNET.
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This is a proposal, so feedback comes first and then a final vote probably lands in 2027. SpaceX is aiming for early 2028 anyway. The carriers have a window to get ready. The smart ones will spend it adding cheap capacity indoors 👀 Wifi offload is the future! $SPCX #DePIN
Big news, the FCC voted today to advance new satellite-to-phone rules that could benefit @SpaceX's Starlink Mobile, despite lobbying efforts by AT&T, Verizon, and T-Mobile to restrict parts of this proposal. FCC: "This marks a major step to unleash American innovation and investment in next-generation connectivity." The FCC voted to advance a proposal that would: • Open up an additional 482 MHz of spectrum for satellite-to-phone services, expanding eligible frequency bands from 5 to 13. • Eliminate restrictive spectrum-leasing requirements • Remove rigid geographic coverage restrictions • Allow more flexible agreements between satellite operators and wireless carriers • Modernize technical rules to allow more efficient spectrum use • Reconsider exclusive-use rights for certain satellite spectrum bands If finalized, these changes could make it easier for SpaceX to expand Starlink Mobile, access additional spectrum, and reduce regulatory barriers. Here's what happens next: • Late 2026: Public comment period opens, allowing SpaceX, AT&T, Verizon, T-Mobile, and others to weigh in. • Late 2026–Early 2027: Companies submit comments and responses arguing for or against specific rule changes. • Early–Mid 2027: The FCC reviews the feedback, evaluates interference concerns, and considers revisions. • Sometime in 2027: The FCC holds a final vote to officially adopt the new regulations.
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Notice what he’s defending. Cities & suburbs make 98% of Verizon’s revenue. That’s also where people sit indoors on Wi-Fi that’s already there. Carriers and SpaceX are fighting over the most expensive way to add capacity. The cheap one is inside the building! Bullish on solana:xNETbUB7cRb3AAu2pNG2pUwQcJ2BHcktfvSB8x1Pq6L
Verizon's CEO said today that SpaceX will need at least 4-6 years and $300B-$500B to fully build out its @Starlink Mobile U.S. carrier network: "Their service just can't compete with a terrestrial network. In suburban and urban areas, where 98% of our revenues are, we're somewhere between 100x–1,000x more efficient than they are. We know exactly what they're going to do. We know who they're talking to on towers. There's no magic wand. There's no secret sauce. There's no shortcut. They're going to look at 65,000–80,000 macro sites. They're going to need backhaul, RAN, and a tremendous amount of spectrum. It's going to take a minimum of four to six years to fully build that out. It's going to cost hundreds and hundreds of billions of dollars, I assume somewhere between $300 billion and $500 billion. Then they need to build retail, customer service, back office systems, et cetera. All of that gets them basically the same network and same capabilities and same cost structure as what we have today. Then sometime over the next four to six years, they have the possibility of becoming the sixth, not the fourth, the sixth competitor in the market. You can be sure over these next three to five years or six years, we are not going to be standing still. Four to five years from now, we will be two to three generations better than where we are today. We will have high-speed broadband gig-plus coverage across the country with our millimeter wave. We are ahead of most people and already experimenting with what 6G applications will look like." (via Verizon's Q3 earnings call earlier this morning)
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AT&T is planning to spend less on its network. $23 to 24B this year, then $22 to 23B a year in 2027 and 2028, per its Q3 results. In the same quarter it added 379,000 phone customers. More users, smaller budgets. The cheapest capacity is the Wi-Fi already inside buildings 👀
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XNET Signal retweeted
Wimberley just leveled up its community-built wireless coverage! Meat & Drink is officially on the map with @XNET_Mobile. Powered by local builders, #XNET is expanding decentralized connectivity one site at a time. Stronger community infrastructure powered by $XNET! 📶
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XNET Signal retweeted
Whether you are deploying Wi-Fi access points, exploring carrier offload, or following network growth, you are in the right place. Connect with our team and deployer community: Telegram: t.me/+8cUKrc1aLv81YmZh Discord: discord.gg/73KDE6Jgj
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It’s crazy how 100k people are gonna use XNET lol. You guys aren’t ready for what Depin will do
🔥 $XNET is heading to Oklahoma State University's massive Homecoming weekend! 🏈 Mitchr has been hard at work preparing his XNET deployment, backed by Ubiquiti networking gear. 👥 100,000 expected attendees 📡 Real-world connectivity 🚀 A huge weekend ahead!
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XNET Signal retweeted
Named after a brother’s cat back in 1980, Valentino's in San Marcos has deep local roots. Now this neighborhood staple is rolling out community wireless powered by @XNET_Mobile. Real-world coverage is expanding via #XNET and $XNET.
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XNET Signal retweeted
🔥 $XNET is heading to Oklahoma State University's massive Homecoming weekend! 🏈 Mitchr has been hard at work preparing his XNET deployment, backed by Ubiquiti networking gear. 👥 100,000 expected attendees 📡 Real-world connectivity 🚀 A huge weekend ahead!
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