CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

SpaceX in talks to buy Boost Mobile or use its network, Washington Post reports

By Reuters News

Nov 2 (Reuters) - SpaceX SPCX.O is in talks to buy EchoStar's ECHO.O wireless service Boost Mobile or gain access to its network, which it leases from AT&T T.N and T-mobile TMUS.O, the Washington Post reported on Monday.

SpaceX has held talks with EchoStar in recent months about launching its own signature wireless service through a deal with the company, the report said, citing people familiar with the negotiations.

The Elon Musk-led rocket maker is looking to build a hybrid satellite-terrestrial mobile network through Starlink Mobile to challenge US wireless giants AT&T, Verizon and T-Mobile, combining its satellite constellation with ground based infrastructure to compete directly in the telecom market.

SpaceX and EchoStar did not immediately respond to Reuters' requests for comment.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.