Investor Says Musk Will ‘Eventually’ Make a Phone as SpaceX Moves Into Cell Service
Elon Musk owns a company called SpaceX. SpaceX has a service called Starlink. Starlink uses satellites to give internet to phones.
Now SpaceX wants to make a phone network in the United States. An investor named Gene Munster says Musk will "eventually" make a phone too. "Eventually" means "at some time in the future."
Munster says the Starlink phone network could be a big problem for Apple and Samsung. Apple and Samsung make most phones people use today.
SpaceX is buying spectrum across the whole country. Spectrum is special space in the air used to send phone signals. Companies need spectrum to run phone networks.
This news hurt phone companies. Verizon is a big U.S. phone company. Its stock had its worst day since 2002. A stock is a small part of a company that people can buy.
Investors are worried that SpaceX will take customers away from companies like Verizon. This shows how much Musk's plans can change markets.
Vocabulary7 words
- SpaceX
- a company started by Elon Musk that builds rockets and satellites
- Starlink
- a service from SpaceX that gives internet using satellites
- satellites
- machines that fly in space and send signals to Earth
- Samsung
- a big company that makes phones
- spectrum
- special space in the air used to send phone signals
- Verizon
- a large phone company in the United States
- stock
- a small part of a company that people can buy
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Quiz
Answer key
1. A phone 2. Spectrum 3. False
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Elon Musk owns a company called _____. SpaceX has a service called _____.
Starlink uses _____ to give internet to phones.
An investor named Gene Munster says Musk will "_____" make a phone too.
Munster says the Starlink phone network could be a big problem for Apple and _____.
SpaceX is buying _____ across the whole country.
Companies need spectrum to run phone _____.
_____ is a big U.S. phone company.
Its _____ had its worst day since 2002.
Investors are worried that SpaceX will take _____ away from companies like Verizon.
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