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CNBC’s Jim Cramer stated that a potential telecommunications agreement between Space Exploration Technologies Corp. (NASDAQ:SPCX) and EchoStar-owned Boost Mobile will give Elon Musk‘s company the direct “reach to compete” against major United States wireless carriers. Cramer’s statement on X followed a Washington Post report on Monday indicating that the rocket maker is actively negotiating to either acquire or access the Boost Mobile cellular network.

Cramer Questions Wall Street Analysts

In a post on Nov. 2, Cramer reacted to the reported telecommunications negotiations by emphasizing the immediate competitive threat SpaceX poses to established telecom industry players.

“SpaceX may have a ton of stock coming to market, but this Boost Mobile possibility (Echostar-owned) would end any question that it doesn’t have the reach to compete,” Cramer wrote on the social media platform.

The television host and financial analyst also questioned why Wall Street observers failed to foresee the potential strategic partnership. Cramer stated on X, “How does this stuff keep surprising us? Why do the analysts not know this stuff could happen?”

SpaceX may have a ton of stock coming to market but this Boost Mobile possibility (Echostar owned) would end any question that it doesn't have the reach to compete… How does this stuff keep surprising us? Why do the analysts not know this stuff could happen?

— Jim Cramer (@jimcramer) November 2, 2026

Developing a Hybrid Mobile Network

According to the Washington Post report, which was cited by Reuters on Monday, SpaceX has held direct discussions with EchoStar in recent months. The ongoing negotiations are focused on launching a signature wireless service through an agreement with the company, citing people familiar with the negotiations.

Reuters reported that the Elon Musk-led rocket maker intends to build a hybrid satellite-terrestrial mobile network under the name Starlink Mobile. This proposed system would combine the company’s existing satellite constellation with ground-based infrastructure to challenge United States wireless giants AT&T, Verizon, and T-Mobile directly in the telecommunications market.

Boost Mobile currently leases its cellular network infrastructure from AT&T and T-Mobile, the Reuters report noted. Neither SpaceX nor EchoStar immediately responded to Reuters’ requests for comment regarding the reported negotiations.

How Has SPCX Performed?

The stock was down 10.19% since its listing in June this year, down 10.70 over the last month and 8.66% over the last week.

Benzinga’s Edge Stock Rankings indicate that SPCX maintains a negative price trend in the short, long, and medium terms.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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