This article first appeared on GuruFocus. SpaceX (NASDAQ:SPCX) is in talks to buy EchoStar's (NASDAQ:ECHO) Boost Mobile wireless service or gain access to its network, the Washington Post, citing people familiar with the negotiations. EchoStar shares rose 4.93% in premarket. Warning! GuruFocus has detected 3 Warning Sign with SPCX. Is SPCX fairly valued? Test your thesis with our free DCF calculator. A deal would support SpaceX's plan to build Starlink Mobile, a hybrid satellite and ground network meant to compete with AT&T (NYSE:T), Verizon (NYSE:VZ) and T-Mobile (NASDAQ:TMUS). EchoStar, which runs Boost Mobile on network capacity leased from AT&T and T-Mobile, had 7.38 million wireless subscribers at the end of the second quarter.
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