JUST IN: SpaceX needs at least $200 billion to enter wireless once you add up spectrum, towers, and antennas, according to Deutsche Telekom CEO, who says "welcome to the party" Tim Höttges (CEO): “And by the way, I take his attempt serious. He has now bought 76 megahertz of spectrum. By the way, we have 400 megahertz. So if you now say, okay, he can buy the spectrum prospectively, do your math. These are kind of triple digit billions, which are needed to gain the spectrum position. Okay, if he has the money, go for it." "Then he has to build a network. I can tell you, we have 85,000 towers. No, he can rent towers, no question. But this is another 20 billion to 30 billion, which are required. Put antennas on it. Okay, you can buy antennas and you can get maybe even in a cheaper way or you construct it in a new way, but you need money for that." "So therefore, my assessment is that SpaceX at least if they want to play in that industry needs at least minimum 200 billion, but even beyond that to play in an industry, which we have, let’s say, professionalized over the last twenty years. Okay, welcome to the party.”