SpaceX in talks to buy Boost Mobile and build a US network
SpaceX is in talks with EchoStar to buy Boost Mobile or access its wireless network, a Washington Post report said, with neither company confirming.
SpaceX is exploring buying EchoStar-owned Boost Mobile or obtaining the right to access its wireless network, according to a report published by The Washington Post citing people familiar with the talks.
Neither company confirmed an agreement or disclosed the value of a potential deal. The discussion is linked to SpaceX's purchase of low-band spectrum licences in October, a deal still awaiting approval from the US Federal Communications Commission and expected to close in the first half of 2027.
In today's trading, SpaceX shares rose about 4%, while AST SpaceMobile shares fell about 4%. EchoStar shares were up about 1% at $98.08 after the Washington Post report.
The talks could end with a full purchase of Boost Mobile or with securing SpaceX access to the network arrangements linking Boost Mobile to two national carriers, including T-Mobile. The two companies have not announced any final agreement.
What do these terms mean?
Low-band spectrum: A range of radio waves used in mobile communications, characterised by wide propagation and the ability to penetrate buildings.
Federal Communications Commission (FCC): The US regulator responsible for telecommunications and spectrum licences and for approving spectrum deals.
Mobile virtual network operator: A company that sells connectivity services to customers over other operators' networks instead of building its own network.
Weekly Newsletter
Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.
