SpaceX Stock Rises Amid Reported Talks to Buy Boost Mobile or Gain Network Access
Photo: The Crypto Basic
SpaceX (NASDAQ: SPCX) shares rose about 2% in pre-market trading on Monday, as the company reportedly held discussions with EchoStar (NASDAQ: ECHO) about acquiring Boost Mobile or gaining access to its leased wireless network capacity. The Washington Post reported that SpaceX has been negotiating with EchoStar in recent months over a potential arrangement to support its planned Starlink Mobile service. Elon Musk personally met EchoStar Chairman Charlie Ergen in October, according to people familiar with the discussions.
Source: The Crypto Basic
