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00:02SpaceX has struck a multi-year deal with Qualcomm to build a terrestrial cellular network for its Starlink mobile service,
00:09according to CNBC.
00:11The partnership will help Elon Musk's company compete with Verizon, AT&T, and T-Mobile.
00:17Qualcomm will supply hardware and software for base stations to support high-capacity cellular coverage.
00:23The network will complement Starlink's satellite capabilities, with a rollout planned to begin in 2027.
00:30SpaceX plans to establish tens of thousands of cell sites using Qualcomm's technology.
00:36The company also recently announced an agreement to purchase a nationwide spectrum portfolio.
00:41Earlier this week, The Washington Post reported that SpaceX is in talks to acquire EchoStar's Boost Mobile.
00:47For all things money, visit Benzinga.com.
