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Musk Says SpaceX Bought Last Critical Piece to Challenge Wireless Carriers

Original: Elon Musk Says SpaceX Just Bought "the Last Critical Piece" Required to Take on the Wireless Giants. Here's Why It Will Need to Spend Billions More to Compete.

Elon Musk says SpaceX has acquired what he calls the last critical piece needed to compete with major wireless carriers, positioning the company to offer direct-to-cell satellite service. Analysts caution that SpaceX will still need to spend billions more on satellites, spectrum deployment and ground infrastructure before it can seriously threaten established telecom providers.

Why now: SpaceX's move into direct-to-cell communications poses a potential challenge to the telecom industry, drawing attention from investors and analysts.

Elon MuskSpaceXwireless carriers

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