Deutsche Telekom CEO says SpaceX's Starlink Mobile will cost at least $200 billion

During an earnings call, Deutsche Telekom CEO Tim Höttges addressed SpaceX's plans to launch Starlink Mobile to compete with major carriers like T-Mobile, AT&T, and Verizon. He noted that acquiring the necessary spectrum, renting or building towers, and setting up antennas will demand at least $200 billion. While pointing out the massive financial hurdles, Höttges also acknowledged that he takes the threat seriously because Musk combines satellites, data centers, AI, and chipsets to create a new kind of communication service.