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U.S. Alternative Carriers Industry Analysis

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies28
  • 7D2.1%
  • 3M-21.3%
  • 1Y74.5%
  • YTDn/a

The Alternative Carriers industry is up 2.1% in the last week, with Space Exploration Technologies up 2.2%. In the last 12 months, the industry was up 74%. Looking forward, earnings are forecast to grow by 57% annually.

Industry Valuation and Performance

Has the U.S. Alternative Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Sep 2026US$2.1tUS$35.7b-US$12,850,116,270.0467.8x-163.8x58.9x
Tue, 11 Aug 2026US$1.8tUS$35.7b-US$12,564,218,813.2068.9x-144.3x50.8x
Thu, 09 Jul 2026US$2.0tUS$31.9b-US$15,810,239,283.4150.7x-127.2x63x
Sat, 06 Jun 2026US$71.9bUS$12.7b-US$6,465,578,530.0447.4x-11.1x5.7x
Mon, 04 May 2026US$53.7bUS$12.5b-US$8,088,624,515.4739.5x-6.6x4.3x
Wed, 01 Apr 2026US$48.1bUS$12.5b-US$8,080,259,954.4825.5x-6x3.9x
Fri, 27 Feb 2026US$51.5bUS$12.4b-US$8,083,646,323.3920.6x-6.4x4.1x
Sun, 25 Jan 2026US$61.5bUS$12.3b-US$2,938,342,134.5718.1x-20.9x5x
Tue, 23 Dec 2025US$46.5bUS$12.3b-US$2,936,316,212.9215.1x-15.8x3.8x
Thu, 20 Nov 2025US$39.3bUS$12.3b-US$2,933,874,990.6413.5x-13.4x3.2x
Sat, 18 Oct 2025US$48.8bUS$12.1b-US$4,805,330,425.8517.4x-10.2x4x
Mon, 15 Sep 2025US$28.2bUS$12.1b-US$4,806,174,079.2116.7x-5.9x2.3x
Wed, 13 Aug 2025US$31.7bUS$12.1b-US$4,850,599,487.4549.8x-6.5x2.6x
Fri, 11 Jul 2025US$28.6bUS$11.9b-US$1,332,971,051.9049.8x-21.5x2.4x
Sun, 08 Jun 2025US$22.5bUS$11.9b-US$1,351,416,187.7647.9x-16.6x1.9x
Tue, 06 May 2025US$23.4bUS$12.6b-US$1,388,630,037.9181.3x-16.8x1.8x
Thu, 03 Apr 2025US$23.0bUS$12.5bUS$565.0m26.1x40.8x1.8x
Sat, 01 Mar 2025US$24.1bUS$12.2bUS$642.2m30.5x37.6x2x
Mon, 27 Jan 2025US$21.9bUS$15.4b-US$4,987,495,773.6291.2x-4.4x1.4x
Wed, 25 Dec 2024US$24.6bUS$15.4b-US$4,980,854,099.5574.3x-4.9x1.6x
Fri, 22 Nov 2024US$24.7bUS$15.4b-US$4,980,840,976.1181.8x-5x1.6x
Sun, 20 Oct 2024US$30.1bUS$15.3b-US$2,236,878,712.7687.9x-13.5x2x
Tue, 17 Sep 2024US$27.9bUS$15.3b-US$2,262,970,800.2773.2x-12.3x1.8x
Thu, 15 Aug 2024US$24.8bUS$15.3b-US$2,225,191,168.2774.8x-11.2x1.6x
Sat, 13 Jul 2024US$22.3bUS$15.2b-US$1,804,730,378.24117x-12.4x1.5x
Mon, 10 Jun 2024US$19.3bUS$15.2b-US$1,779,777,726.85109.4x-10.9x1.3x
Wed, 08 May 2024US$19.4bUS$15.1b-US$1,758,016,208.4070.6x-11.1x1.3x
Fri, 05 Apr 2024US$18.8bUS$15.6b-US$3,034,493,492.3780.3x-6.2x1.2x
Sun, 03 Mar 2024US$20.7bUS$15.7b-US$3,012,479,623.73236x-6.9x1.3x
Tue, 30 Jan 2024US$25.6bUS$32.0b-US$15,453,228,481.0013.4x-1.7x0.8x
Thu, 28 Dec 2023US$26.9bUS$32.0b-US$15,448,941,382.0013.6x-1.7x0.8x
Sat, 25 Nov 2023US$23.3bUS$32.0b-US$15,449,003,249.0010x-1.5x0.7x
Mon, 23 Oct 2023US$23.5bUS$32.8b-US$13,168,090,050.007.8x-1.8x0.7x
Wed, 20 Sep 2023US$27.7bUS$32.8b-US$13,163,145,702.009.7x-2.1x0.8x
Price to Earnings Ratio

-2.1x


Total Market Cap: US$27.7bTotal Earnings: -US$13,163,145,702.00Total Revenue: US$32.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Alternative Carriers Industry Price to Earnings3Y Average -17.5x202420252026
Current Industry PE
  • Investors are optimistic on the American Alternative Carriers industry, and appear confident in long term growth rates.
  • The industry's 3-year average PS ratio of 7.1x is exceeded by the industry's current PS ratio of 58.9x.
Past Earnings Growth
  • Losses for companies in the Alternative Carriers industry have mostly stayed the same over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, losses haven't seen much improvement.

Industry Comparison

How does U.S. Alternative Carriers compare with similar industries?

US Market-0.94%
Telecom1.18%
Telecom Services and Carriers1.73%
Alternative Carriers2.13%
Integrated Telecom Services-0.0085%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SPCX Space Exploration TechnologiesUS$151.212.2%
+US$44.2b		n/aPS89.1x
BAND BandwidthUS$56.8729.9%
+US$421.6m		246.6%PE808.4x
LUMN Lumen TechnologiesUS$6.942.5%
+US$175.3m		14.7%PS0.6x
TSAT TelesatUS$49.7510.8%
+US$73.8m		122.7%PS2.9x
LILA Liberty Latin AmericaUS$8.813.4%
+US$56.8m		17.2%PS0.4x

Latest News

SPCX
US$151.21
Space Exploration Technologies
7D
2.2%
1Y
n/a
Seeking Alpha • 7m

SpaceX: Taking Flight And Defying Lock-Ups Ahead Of Q4, Communacopia Takeaways

Summary SpaceX is reiterated as a buy, with shares resilient despite volatility and ongoing lock-up expirations. Q2 results showed revenue up 90% to $7.8B and a reduced net loss, with aggressive AI expansion and strong Starlink subscriber growth. Management targets $100B run-rate revenue by December 2026, with AI as the primary growth engine and major new cloud deals secured. Valuation remains assumption-heavy, but technicals lean bullish; a breakout above $155 could target $170-$175, with support near the IPO price. Read the full article on Seeking Alpha
LBTY.A
US$10.47
Liberty Global
7D
-1.4%
1Y
-12.0%
ATEX
US$82.18
Anterix
7D
-4.7%
1Y
290.0%
IRDM
US$47.30
Iridium Communications
7D
0.2%
1Y
165.9%
CCOI
US$9.33
Cogent Communications Holdings
7D
-7.2%
1Y
-74.1%
Narrative Update • Sep 05

CCOI: Execution On Data Center Sales Will Drive Future Upside Potential

Cogent Communications Holdings' analyst fair value estimate has been revised down from about $32.16 to about $27.69, as analysts lower price targets into a $9 to $12.50 range following softer revenue and EBITDA, slower wave installations, Sprint contract runoff, and updated models after a challenging Q2. Analyst Commentary on Cogent Communications Holdings Recent Street research on Cogent Communications Holdings points to a tougher near term setup, yet also highlights areas that some investors may view as potential support for the story.
BAND
US$56.87
Bandwidth
7D
29.9%
1Y
246.6%
LUMN
US$6.94
Lumen Technologies
7D
2.5%
1Y
14.7%
Narrative Update • Sep 04

LUMN: Cloud And AI Network Expansion Will Support Future Re Rating

Lumen Technologies' updated analyst price target has declined from $10.00 to $9.00, as analysts reflect lower external targets from Citi at $8.25 and from Goldman Sachs at $7.25, along with revised assumptions around discount rates, revenue trends, margins, and future P/E expectations. Analyst Commentary Recent Street research on Lumen Technologies shows analysts recalibrating their expectations while keeping a neutral stance on the stock.
IQST
US$0.95
iQSTEL
7D
3.5%
1Y
-84.6%
TSAT
US$49.75
Telesat
7D
10.8%
1Y
122.7%
LILA
US$8.81
Liberty Latin America
7D
3.4%
1Y
17.2%
ASTS
US$59.86
AST SpaceMobile
7D
-3.9%
1Y
54.6%
Seeking Alpha • Sep 01

AST SpaceMobile: Q2 Was The Most Bullish Call But Overshadowed By Possible Manufacturing Delays

Summary AST SpaceMobile remains a compelling buy, though I downgrade it to buy due to short-term manufacturing delays impacting satellite launch cadence. Q2 call highlighted multi-billion-dollar revenue potential across defense, B2B, IoT, and other segments, with the defense base case now raised to $3 billion annually. Fair value is $165 per share, reflecting a higher discount rate amid manufacturing uncertainty; the long-term target remains $315–$551 per share by 2030. Execution risk centers on scaling manufacturing and timely satellite deployment, but expanded production capacity and a strong cash position support the investment thesis. Read the full article on Seeking Alpha
GSAT
US$82.48
Globalstar
7D
0.2%
1Y
175.5%
Seeking Alpha • Aug 29

Globalstar: Q2 Improves The Deal Outlook, But I'm Staying On Hold

Summary Globalstar remains a Hold as the Amazon deal caps upside near $90, shifting focus from growth to deal closure probability. Q2 results highlight ongoing customer concentration risk—Apple accounted for 64% of first-half revenue—and continued net losses, though operational milestones have reduced potential price cuts. Regulatory progress is evident with Hart-Scott-Rodino clearance and satellite launches, but significant regulatory and timing risks remain before deal closure. With the stock near $82 and capped upside, the risk-reward profile is anchored by deal odds, not business fundamentals or re-rating potential. Read the full article on Seeking Alpha
ELWT
US$7.17
Elauwit Connection
7D
-1.8%
1Y
n/a
Narrative Update • Aug 20

ELWT: Higher Revenue Outlook Will Offset Margin Pressure And Index Removals

Analysts have reduced their price target for Elauwit Connection from $12 to $10, citing updated assumptions that combine higher forecast revenue growth with a lower projected profit margin and a slightly adjusted future P/E multiple. What's in the News for Elauwit Connection On 14 August 2026, Elauwit Connection, Inc.
SIFY
US$13.78
Sify Technologies
7D
-4.0%
1Y
18.1%
IOTR
US$2.37
iOThree
7D
-5.7%
1Y
-46.2%