SpaceX Eyes Boost Mobile Deal for $235 Billion Wireless Entry
Updated
Updated · CNBC · Nov 2
SpaceX Eyes Boost Mobile Deal for $235 Billion Wireless Entry
3 articles · Updated · CNBC · Nov 2
Summary
SpaceX is in talks to buy Dish Network's Boost Mobile unit or strike a network partnership, a move that would open a path into the $235 billion U.S. wireless market.
The Washington Post said either option would let Elon Musk's company use an existing mobile footprint rather than build a consumer wireless business from scratch.
SpaceX shares rose more than 3% on the report, making it one of the biggest midday gainers as investors weighed a potential expansion beyond rockets and satellite internet.
The talks point to a broader push to extend SpaceX's communications reach, linking its satellite assets with terrestrial wireless infrastructure if a deal is reached.