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BusinessQuiet 11d · day 12

SpaceX in talks to acquire Boost Mobile for Starlink expansion

A potential deal with EchoStar's Boost would give SpaceX millions of wireless customers, though Boost relies on carriers that have already rejected SpaceX.

What to know

  • SpaceX is negotiating to acquire or partner with Boost Mobile to jumpstart Starlink Mobile, which would provide instant access to 7.4 million wireless subscribers.
  • Boost Mobile has no infrastructure of its own and relies on renting network capacity from AT&T and T-Mobile—the same carriers that have already rejected SpaceX's direct requests.
  • The deal speculation drove SpaceX stock up 3.2%, but significant regulatory and operational hurdles remain before any agreement could translate to competitive advantage.

“Starlink Mobile could greatly expand the company's customer base and help SpaceX deliver the growth it's promised, but there are significant hurdles in getting there that investors need to keep in mind.”

Johnny Rice, Motley Fool · Motley Fool ↗

SpaceX satellite communications companyEchoStar Boost Mobile ownerAT&T, T-Mobile, Verizon Major wireless carriers

SpaceX in talks to acquire Boost Mobile for Starlink expansion
fool.com

How it unfolded 1 development · click the chart to see its coverage articles

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Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10Nov 11yesterdaynow · 9:13 PM ET
  1. 1

    SpaceX stock rises 3.2% on Boost Mobile acquisition speculation

    Investors responded positively to the report, driving SpaceX stock up 3.2% to mid-day trading. The potential deal offered a path to expand Starlink Mobile's customer base significantly.

    “A possible Boost Mobile deal could hand SpaceX millions of wireless customers to build Starlink Mobile on, but Boost rents its network from the same carriers that already turned SpaceX down.”
    — Motley Fool · source
  2. background

    Washington Post reports SpaceX in talks with EchoStar over Boost Mobile deal — The Washington Post disclosed that SpaceX has been negotiating with EchoStar over the past several months about either using Boost Mobile's network or purchasing the brand to accelerate Starlink Mobile's launch as a rival to major carriers.

Also covered reported alongside — the timeline has no entry for these yet

  1. first by Investing.com India, 11d ago · also Yahoo Finance, Motley Fool

    1 more headline