Space Exploration Technologies Corp. (SPCX) shares were up 3.2% as of 12:55 p.m. ET on Monday, Nov. 2, after a report that the company is looking for a new way into the wireless mobile business. According to The Washington Post, SpaceX has held talks over the past few months with EchoStar (ECHO), owner of the discount brand Boost Mobile, about using its network or buying the Boost brand to launch Starlink Mobile. EchoStar had 7.4 million wireless subscribers at the end of its last quarter, which could give SpaceX a base to build on. The obstacles are significant, however: Boost has no towers of its own and rents capacity from AT&T and T-Mobile, and SpaceX has already approached those two companies as well as Verizon and was turned down.
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