Verizon CEO puts $500 billion price tag on Elon Musk’s phone plan
Verizon CEO Dan Schulman states that SpaceX requires four to six years and $300 billion to $500 billion to build a full United States mobile carrier and match major telecom networks. Schulman shared the valuation during a third-quarter call, addressing reports that SpaceX is in talks to access 80,000 cell sites for a wireless network. Elon Musk countered the assessment on social media, claiming that SpaceX can build a mobile network in two or three years.
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- ✓ Verizon CEO Dan Schulman stated that SpaceX needs a minimum of four to six years and somewhere between $300 billion and $500 billion to build a United States phone network.
- ✓ Elon Musk responded on X that building the mobile carrier will take 2 or 3 years.
- ✓ SpaceX is in talks to access 80,000 cell sites for a wireless network.
What changed
Verizon CEO Dan Schulman publicly evaluated the cost and timeline for SpaceX to build a rival wireless network.
Live updates
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Verizon CEO Puts $500 Billion Price Tag on SpaceX Phone Plan
Verizon CEO Dan Schulman states that SpaceX requires four to six years and $300 billion to $500 billion to build a full United States mobile carrier and match major telecom networks. Schulman shared the valuation during a third-quarter call, addressing reports that SpaceX is in talks to access 80,000 cell sites for a wireless network. Elon Musk countered the assessment on social media, claiming that SpaceX can build a mobile network in two or three years.
Why it matters
Traditional telecommunication giants face mounting questions over how upcoming satellite and cellular convergence ventures might disrupt standard monthly bills. SpaceX is reportedly evaluating a massive push to secure terrestrial cell sites alongside its Starlink satellite capabilities. The debate highlights the immense capital and time required to replicate national carrier infrastructure.
What is confirmed
- Verizon CEO Dan Schulman stated that SpaceX needs a minimum of four to six years and somewhere between $300 billion and $500 billion to build a United States phone network.
- Elon Musk responded on X that building the mobile carrier will take 2 or 3 years.
- SpaceX is in talks to access 80,000 cell sites for a wireless network.
What to watch next
- Further announcements from SpaceX regarding its 80,000 cell site negotiations
- Updates on Starlink Mobile infrastructure deployment timelines
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