Content overview: “Verizon CEO Says SpaceX Needs $500 Billion and Up to 8 Years to Compete in Wireless | Nova”. Verizon CEO Hans Vestberg says SpaceX would need up to eight years and a staggering $500 billion to build a wireless network capable of competing with established carriers like Verizon. Speaking at an investor conference, Vestberg acknowledged SpaceX's ambitious plans but emphasized the enormous cap Speaking at an investor conference, Vestberg acknowledged SpaceX's ambitious plans but emphasized the enormous capital and time required to replicate Verizon's nationwide infrastructure.
He noted that Verizon already spends around $17 billion annually on its network, and SpaceX's satellite-based approach would still require massive ground infrastructure and spectrum acquisitions. The comments come as SpaceX, led by Elon Musk, expands its Starlink satellite internet service and explores direct-to-cell technology. Vestberg's remarks highlight the high barriers to entry in the U.S. This listing links straight to the original page, where the content is available in full.