Donald Trump and Jim Cramer both defended SpaceX on Monday, after reports that Elon Musk’s company is in talks to buy Boost Mobile, a US phone carrier with about 7 million customers.
The support lands with SpaceX stock near $137 on Monday, barely above its $135 initial public offering (IPO) price. A Boost deal, Tuesday’s midterm elections, and a December share unlock will shape what shareholders face next.
What a Boost Mobile Deal Would Give SpaceX
SpaceX is talking to EchoStar (ECHO) about buying Boost Mobile, or renting its network. Musk wants a full US phone service that pairs Starlink satellites with ground towers.
He first asked AT&T, Verizon, and T-Mobile for network access….
