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President Donald Trump‘s Federal Communications Commission (FCC) Chair Brendan Carr has backed Elon Musk-led SpaceX‘s Starlink satellite internet service amid a partnership between Verizon Communications Inc. (NYSE:VZ) and T-Mobile (NASDAQ:TMUS).
Betting Against Elon Musk Is Risky
In an interview with Reuters on Thursday, Carr expressed his optimism about SpaceX’s efforts in the satellite communications sector as the FCC approved the sale of EchoStar Corp‘s (NASDAQ:SATS) $40 billion spectrum to SpaceX and AT&T Inc. (NYSE:T).
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