From rockets to reception: SpaceX eyes America’s cellphone market.
CEO Elon Musk is preparing to shake up another American industry: cellphone service.
SpaceX is reportedly negotiating access to access at least 80-thousand cellular sites across the country.
The goal is to build a fourth nationwide wireless network to compete with Verizon, AT&T and T-Mobile.
The added competition from SpaceX could mean more cellular choices, stronger signal, potential lower prices and expanded coverage.
SpaceX already operates the Starlink satellite internet system, but a traditional cellular network would give it a much bigger foothold in American telecommunications.
Analysts estimate building a nationwide network could cost more than $80 billion dollars.
And Wall Street is paying attention. Shares of the three major wireless carriers fell following reports of SpaceX’s ambitious plans.
SpaceX maintains operations in Hawthorne, California, just outside Los Angeles.
AI helped compile this story for OnLACA.
