SpaceX attempts entry into telecommunications market amid massive cost burdens
SPCX Space Exploration Technologies Corp
$142.07 +5.81%
View chart & analysis → - 1SpaceX is negotiating with major telecommunications infrastructure companies to secure at least 80,000 cell sites.
- 2Elon Musk said satellite launches and frequency acquisition will pave the way for Starlink Mobile to become a major mobile carrier.
- 3Assuming a deployment period of at least 4 to 6 years, SpaceX's projected total cost over the next 6 to 7 years is $300 billion to $500 billion.
So what's the key point?
SpaceX is negotiating with companies that have communication facilities to become a mobile carrier. Preparing for this business is expected to cost a massive $500 billion.
Source The New York Times +1 · View original ↗
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