Bloomberg reported Thursday that SpaceX is in talks to access at least 80,000 US cell sites for Starlink Mobile, roughly half the purpose-built towers in the country. Crown Castle rose almost 10% after hours while AT&T, Verizon and T-Mobile all fell. Pras Subramanian’s point is that Musk promised to do this from orbit, found that it did not work, and is now assembling what AT&T and Verizon already built. Then Ed Zitron, Founder and Chief Executive Officer of EZPR, on the $561 million unrealized gain SpaceX booked on a company Musk also owns, his channel-stuffing charge against Nvidia, and who is funding the whole chain.
Featuring
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Jake Conley, Breaking Business News Reporter, Yahoo Finance
Julie Hyman, Host, Yahoo Finance
Ed Zitron, Founder and Chief Executive Officer, EZPR
Watch the full episode of The 8:30: https://www.youtube.com/watch?v=6A9HjrCPJ-c
Timestamps
0:00 SpaceX is in talks for 80,000 cell sites
1:05 The low-margin businesses Musk keeps collecting
2:44 From orbit, back down to the ground
5:22 Why he says we have insufficient contempt for these people
6:53 Channel stuffing, or a demand signal
8:11 No foreseeable path to installing these
9:26 Who is actually funding the chain
#SpaceX #Starlink #Nvidia #The830 #YahooFinance
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