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Watch Desk posted an update

Verizon CEO Dan Schulman estimates that SpaceX would need four to six years and hundreds of billions of dollars to build a US wireless network capable of competing with established carriers, Business Insider reports.

Why it matters

That is a competitor’s assessment, not an independently established cost forecast. The claim gives a sense of the scale of the challenge facing SpaceX as it plans Starlink Mobile, but the gap between satellite service and a nationwide terrestrial network is a rather large one to price with confidence.

Discuss: Should estimates from an incumbent carrier be treated as useful evidence about the cost of competing, or as a competitive argument until SpaceX responds?

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