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Why SpaceX made a $17B bet on the direct-to-cell market, also Ramp says it has hit $1B in annualized revenue

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Manage episode 505521709 series 1321952
Content provided by SpokenLayer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SpokenLayer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

SpaceX just fired off one of the biggest shots yet in the spectrum wars, agreeing to pay $17 billion to take over a massive chunk of wireless airwaves from EchoStar for Starlink’s Direct-to-Cell services.

The deal is the most aggressive signal yet that SpaceX wants to rule the satellite-to-phone market.

Also, Ramp answered any lingering questions as to why investors recently valued the expense management startup at $22.5 billion, just 45 days after a previous funding round valued it at $16 billion: The company says it has achieved $1 billion in annualized revenue.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

4513 episodes

Artwork
iconShare
 
Manage episode 505521709 series 1321952
Content provided by SpokenLayer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SpokenLayer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

SpaceX just fired off one of the biggest shots yet in the spectrum wars, agreeing to pay $17 billion to take over a massive chunk of wireless airwaves from EchoStar for Starlink’s Direct-to-Cell services.

The deal is the most aggressive signal yet that SpaceX wants to rule the satellite-to-phone market.

Also, Ramp answered any lingering questions as to why investors recently valued the expense management startup at $22.5 billion, just 45 days after a previous funding round valued it at $16 billion: The company says it has achieved $1 billion in annualized revenue.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

4513 episodes

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