SpaceX explores acquiring Boost Mobile to enter wireless market
SpaceX reportedly in talks to acquire Boost Mobile or access its network to challenge major U.S. wireless providers.
(Photo via Fast Company)
SpaceX is reportedly in negotiations to acquire Boost Mobile or gain access to its cellular network as part of an effort to establish a new wireless carrier service. The move follows reports that major U.S. carriers, including Verizon, AT&T, and T-Mobile, have declined to provide SpaceX with access to their existing networks.
The company is a subsidiary of EchoStar, and discussions regarding a potential deal took place last month between Elon Musk and EchoStar Chairman Charlie Ergen. No agreement has been finalized, and any deal could be subject to the approval of AT&T and T-Mobile, as Boost Mobile currently leases network access from those providers.
To support its entry into the $235 billion U.S. wireless market, SpaceX has pursued significant spectrum investments.
The timeline for building a standalone carrier network remains a point of industry disagreement.