Trump and Jim Cramer Defend SpaceX as Musk Wants to Enter the Telecom Market
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SpaceX is drawing public support from President Trump and CNBC's Jim Cramer as Elon Musk signals plans to enter the telecom market, reportedly targeting Boost Mobile. The move would put SpaceX's Starlink satellite network in direct competition with established US carriers, leveraging its low-earth orbit satellite infrastructure to offer mobile service. The endorsement matters because SpaceX remains privately held, so sentiment from high-profile figures like Trump and Cramer could influence future valuation, potential IPO timing, and regulatory posture toward the company's telecom ambitions. The article, published by BeInCrypto, offers no specific financial figures on valuation, funding, or deal terms for the Boost Mobile plan. Investors should watch for formal announcements on spectrum agreements, FCC approval processes, and any disclosure of SpaceX financials or IPO plans.
Muhabbit's AI wrote this summary in its own words from BeInCrypto's report. It can get details wrong, so check the source.
Named in this story
SpaceX, Elon Musk, Donald Trump, Jim Cramer, Boost Mobile