00:00 Speaker A
We’re talking about a story today we saw on the Washington Post about how, uh, you know, Musk was getting rebuffed by a lot of the carriers because he wanted to say, hey, can you give me some capacity to launch your own mobile service? Not surprisingly, AT&T and Verizon said no.
00:15 Speaker A
But he must he may have found a back door with Boost Mobile, reportedly from the post saying that he’s spoken to Charlie Ergen who who who’s Echostar owns Boost. And they’re talking about a potential deal where you can use some of Boost’s capacity or even an outright purchase of Boost by SpaceX.
00:33 Speaker A
Uh as you know, uh Echostar has a they don’t have this stock yet, but they have a huge amount of SpaceX stock that’s contingent upon a a broad a wireless deal sort of coming through, I mean spectrum deal. Uh but yeah, I mean it kind of makes sense. This is this is this is a strong way for SpaceX SpaceX to get into the business, but
00:54 Speaker A
you know, Boost capacity or their or is is is because of AT&T and and Verizon, I believe and they have to agree to that. So there’s still a lot of complicated.
01:03 Speaker B
Right. This this goes to partially answering the question that was poised to Musk. I did some reporting on this last week. If you want to get into telecom, the problem is that the CAPEX required to build out a terrestrial network is so unbelievably large that you pretty much have to buy one.
01:21 Speaker A
Or buy it.
01:21 Speaker B
Or put it in space.
01:22 Speaker A
Or put it in space, but
01:23 Speaker B
we see this is a terrestrial model trying to find a new uh a new entry point for Starlink into the market. Um yeah, as you say, Boost Mobile, a potential acquisition there. Maybe this is SpaceX’s way in. Maybe this is Elon Musk’s way in to elbow his way into a very competitive and entrenched market as you point out.
01:44 Speaker A
I think he was also saying that, you know, we have a vision of mobile connectivity that’s totally different than what the what the carriers are are talking about. He’s saying that the the infrastructure will be different. We don’t have to do it the way that they’re doing it. So, uh there’s a lot going on. He obviously say what he was going to do, but there’s some, you know, optimism that that could be, you know, a more efficient way of of of making this service happen for all of us.