A Message From Porter & Company
In December President Trump will take the stage and shock the world.
Standing before the leaders of the most powerful nations on earth, at his own resort in Miami, I believe he’s set to unveil something that will impact every dollar you have saved and invested.
The original agenda for the G20 Summit was development finance and climate change.
That’s been scrapped.
Instead, my research indicates Trump could unveil a radical monetary reset that no one has prepared you for.
I've been tracking this story for months.
And the deeper I investigate, the more convinced I become that what happens in that room could draw a brutal dividing line – between those who understand what's happening to their money, and those who do not.
Which means between now and December, there is a window. A chance to get ahead of what could be the most consequential change to our money in half a century.
It wasn't voted on. It wasn't debated in the Senate. And most Americans have no idea it's even taking place but…
President Trump is replacing the U.S. dollar.
Not with crypto. Not with a digital currency. Something far bigger than that – and it's already been signed and sealed in the back rooms of D.C., ready to be issued by the U.S. Treasury.
Bypassing every legal and political channel under the guise of "national security," Trump has enacted this total money reset using a landmark executive order (14241).
Whether you’re a Democrat or Republican, whether you support this new money or not, it doesn't matter.
Soon, every U.S. citizen will be forced to use Trump's New Dollar to fill their gas tank, buy groceries, and pay medical bills.
Which is why I've produced a critical new documentary laying out exactly what Trump's New Dollar means for your savings, your investments, and your family's financial future.
Detailing three important steps you can take today to prepare – including the name of a core band of assets connected to Trump’s initiative that could surge as a result.
As you’ll see in my briefing, the last time America reset its money like this – under Richard Nixon’s presidency in the 1970s – it created one of the greatest wealth divides in the history of our nation.
On one side, it minted an average of 1,300 new millionaires a day for over half a century. And on the other… the folks left behind, drowning in debt, with no idea how to use America’s new money to create wealth.
As Trump rolls out his new dollar, the question is:
Which side will you be on?
Good investing,
Porter Stansberry
PS. If you’re wondering what Trump’s new money will look like, when it will be issued, what it means for your investments and why it could be front-page news on December 14 – all of those questions are answered in my briefing.
This Month's Featured News
SpaceX Sent Verizon and T-Mobile Stocks Tumbling—Did Wall Street Overreact?
Author: Jessica Mitacek. Published: 11/3/2026.
Key Points
- SpaceX's Oct. 8 spectrum deal to expand Starlink Mobile sparked a sharp sell-off in Verizon, AT&T, and T-Mobile shares.
- Verizon's Q3 earnings beat estimates and raised full-year guidance, with executives citing its dominant terrestrial network as a competitive advantage over satellite service.
- T-Mobile also topped earnings expectations and raised guidance, leveraging its existing Starlink partnership while executives argued satellite service complements rather than replaces terrestrial broadband.
- Special Report: Elon’s iPhone Killer
On Oct. 8, SpaceX (NASDAQ: SPCX) announced an agreement to acquire nationwide low-band spectrum licenses that could help Starlink Mobile expand beyond satellite connectivity and compete more directly with major U.S. wireless carriers.
The news reverberated throughout the telecommunications industry, prompting major carriers' shares to sell off.
But less than one month later, Q3 earnings reports from Verizon (NYSE: VZ) and T-Mobile (NASDAQ: TMUS) suggest that both established wireless carriers remain well-positioned to withstand the emerging competitive threat.
Why SpaceX's Spectrum Deal Spooked Telecom Investors
SpaceX plans to acquire up to 14 megahertz of paired spectrum in the 800 MHz band from investment firm Grain Management, pending regulatory approval.
These low-frequency licenses could improve Starlink Mobile's indoor connectivity by allowing signals to penetrate walls, roofs and other structures more effectively, addressing a key limitation of its existing satellite-based service.
According to a filing with the U.S. Federal Communications Commission (FCC), SpaceX’s goal is to “supercharge competition in the mobile market by ensuring all Americans have access to high-speed mobile broadband anywhere they go.”
The company plans to combine satellite connectivity with terrestrial wireless infrastructure to offer broader coverage, although building out that network will take time.
Investors responded sharply to the announcement. On Oct. 9, Verizon fell more than 10%, AT&T (NYSE: T)lost nearly 11%, and T-Mobile slid more than 13%.
The sell-off reflected concerns about future competition rather than an immediate deterioration in the carriers' financial performance. Their subsequent Q3 earnings reports offer a closer look at whether those fears were justified.
Verizon's Earnings and Raised Guidance Demonstrate Resilience
Since the early October sell-off, Verizon shares have rebounded more than 8%, supported in part by its Q3 earnings, which the company reported on Monday, Oct. 26.
Earnings per share (EPS) of $1.31 beat the analyst consensus of $1.27, representing an 8.3% year-over-year (YOY) increase.
Revenue of $34.31 billion fell short of the forecast of $34.77 billion, increasing just 1.5% YOY.
The earnings beat was Verizon’s seventh consecutive and eighth in the last nine quarters.
During his earnings call, CEO Dan Schulman said that “everything SpaceX says they will do, they will do,” adding that the Elon Musk-led company “will execute flawlessly.”
But he also said Verizon had long anticipated SpaceX's move toward terrestrial infrastructure.
Schulman argued that SpaceX's satellite service would struggle to compete with terrestrial networks in suburban and urban markets, where Verizon generates approximately 98% of its revenue. That established network infrastructure gives Verizon an important competitive advantage, although Schulman cautioned against underestimating SpaceX's ability to execute its strategy.
Verizon's operating performance provides additional evidence of its resilience. Management raised its full-year guidance, projecting between 1.1 million and 1.2 million postpaid phone net additions, 7% to 7.5% adjusted EPS growth, and free cash flow growth approaching 12%.
Customer and financial metrics also improved markedly. Postpaid phone net additions increased 820% YOY to 406,000, customer churn declined substantially, and promotional acquisition and retention costs decreased 41% and 30%, respectively. Adjusted EBITDA rose 8% to a record $13.8 billion, while the adjusted EBITDA margin expanded to 40.2%, up from 37.8% a year earlier.
T-Mobile's SpaceX Partnership Changes the Competitive Equation
T-Mobile has already partnered with SpaceX.
As part of a collaboration called T-Satellite, the telecom provider now uses Starlink’s low Earth orbit (LEO) satellites to provide direct-to-cell (D2C) service in the continental United States, Puerto Rico, Hawaii, parts of southern Alaska, and international markets including Canada, Australia, New Zealand and Japan.
When the company reported Q3 earnings on Wednesday, Oct. 28, the results demonstrated continued growth in its core wireless business.
EPS of $3.22 easily surpassed the analyst consensus of $2.89, while revenue of $23.58 billion beat expectations of $23.15 billion and marked a 7.4% YOY increase. After increasing 5.28% YOY in Q2, EPS growth accelerated to nearly 34% in Q3.
The earnings beat was T-Mobile’s 10th consecutive and 14th in the past 15 quarters.
T-Mobile added 274,000 postpaid net accounts during the quarter, bringing its total to approximately 35 million. Postpaid service revenue grew 9% YOY, while core adjusted EBITDA increased 11%, reflecting the company's ability to translate customer growth into higher profitability.
Importantly, management raised its full-year profitability and cash flow guidance while maintaining its outlook for approximately 1 million postpaid net account additions. The company also projects full-year postpaid average revenue per account growth of approximately 3.5%, core adjusted EBITDA of $37.35 billion to $37.45 billion, and adjusted free cash flow of $18.7 billion to $18.8 billion.
The company also addressed the “shape-shifting nature of SpaceX's strategy” during its earnings call. But CEO Srini Gopalan argued that fixed wireless access (FWA) remains better suited to most markets because satellite broadband faces greater capacity limitations, particularly outside rural areas.
Gopalan noted that approximately two-thirds of T-Mobile's FWA customers come from densely populated urban areas, where the company continues to see significant growth opportunities. He described satellite connectivity as a complementary service rather than a replacement for terrestrial broadband, a distinction that also helps explain the strategic value of T-Satellite.
Unlike Verizon, T-Mobile also has an existing commercial relationship with SpaceX, allowing it to offer satellite connectivity alongside its terrestrial network. For investors, the question is whether that partnership will remain an advantage as SpaceX moves toward becoming a more direct competitor.
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