Elon Musk Will Launch a US Phone Plan? Crypto Bettors Raise Odds SpaceX Becomes a Mobile Carrier in 2027

Elon Musk Will Launch a US Phone Plan? Crypto Bettors Raise Odds SpaceX Becomes a Mobile Carrier in 2027

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Cryptocurrency punters sharply raised odds on Monday that Space Exploration Technologies Corp. (NASDAQ: SPCX) will become a full-service U.S. mobile carrier next year.

SpaceX to Enter New Territory?

Polygon (CRYPTO: POL)-based Polymarket sees a 22% chance that SpaceX will launch a mobile phone plan in the U.S. by June next year, up from 13% the day before.

Similarly, the probability of it happening by the end of 2027 rose from 26% to 28% over the past 24 hours.

The Critical Piece of the Puzzle

The odds spiked after a report that SpaceX held talks with Boost Mobile's parent company, EchoStar Corp. (NASDAQ: ECHO), to launch its own wireless service.

A deal could involve SpaceX acquiring Boost or gaining access to its network, which Boost leases from AT&T Inc. (NYSE: T) and T-Mobile US Inc. (NASDAQ: TMUS).

Market commentator and television personality Jim Cramer said a potential agreement would give Elon Musk's company direct "reach to compete" against U.S. telecom giants.

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