T-Mobile's Satellite Expansion Masks Valuation Disconnect as Stock Lags

In the quiet arithmetic of infrastructure and expectation, T-Mobile has extended its satellite texting reach to the Hawaiian Islands through its Starlink partnership, arriving just as storm season reminds islanders how fragile conventional connectivity can be. The company builds forward while its stock retreats — down sharply in the near term yet resting atop years of genuine compounding — creating the kind of gap between what a business is becoming and what the market currently believes it to be worth. Analysts place fair value near $243 against a price closer to $183, a distance that will be