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Elon Musk Explores Wireless Market Entry as Political Donations Reach Record Totals

Economy15 sourcesNov 3, 2026
Leans leftFactual rigor 53/100

SpaceX is exploring a potential entry into the United States wireless phone market, with discussions regarding potential deals involving Boost Mobile and available spectrum to build competitive infrastructure or secure wholesale network access.

The move comes as SpaceX operator Elon Musk faces scrutiny over satellite internet services and communications during conflicts. Ukrainian President Volodymyr Zelensky stated in an interview that Musk had maintained communication with both him and Russian President Vladimir Putin at the beginning of the full-scale invasion, while Putin praised Musk as a genius in connection with satellite network developments.

In domestic politics, OpenSecrets reported that Musk's total political giving for the election cycle reached $445 million, making him a top donor through contributions to America PAC and support for various Republican congressional campaigns. President Donald Trump stated in a podcast interview that he would be willing to issue preemptive pardons to protect Musk and his staff from potential congressional investigations if Democrats secure control of Congress.

Meanwhile, SpaceX announced adjustments to Grok Bot usage limits on X, citing unsustainably high server costs relative to advertising and subscription revenue following high user engagement over the weekend.

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