Elon Musk and the end of a telecom tycoon’s dream

Elon Musk and the end of a telecom tycoon’s dream

In recent weeks, satellite business EchoStar has clinched multibillion-dollar deals with SpaceX and AT&T. It may sound like boom times for founder Charlie Ergen, but these deals illustrate something different: the abandoning of an ambitious, decades-long quest to build his own mobile phone network. The FT’s Wall Street editor Sujeet Indap and US trading and crypto correspondent Jill R Shah explain how Ergen’s fortunes changed, and the role Elon Musk and US President Donald Trump played in that.


Clips from CNBC, Reuters, Yahoo Finance, Echostar/Vimeo


- - - - - - - - - - - - - - - - - - - - - - - - - -


For further reading:

How a deal with Elon Musk helped a telecoms tycoon save his company from bankruptcy

Trump forces billionaire to fold

Charlie Ergen: Media mogul at a Sprint


- - - - - - - - - - - - - - - - - - - - - - - - - -


Behind the Money has been nominated for a Signal Award in the Money & Finance category! It's a Listener Choice award, which means we need your help. Vote for us to win here. We appreciate your support!


Follow Sujeet Indap on X (@sindap), or on Bluesky (@sindap.bsky.social). Follow Jill Shah on X (@jillrshah). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.


Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Jaksot(319)

The hunt for Fox

The hunt for Fox

Rupert Murdoch built a global media empire across newspaper, television and film companies. Why is now the time for him to sell many of the 21st Century Fox assets? And which media or telecoms giant w...

5 Kesä 201820min

The economic crisis in Argentina explained

The economic crisis in Argentina explained

After Mauricio Macri came to power in 2015, international investors poured money into Argentina's hundred-year bond with the hopes that the centre-right leader would stabilise the economy after years ...

29 Touko 201817min

The dark side of fast fashion

The dark side of fast fashion

Some big name fast fashion retailers are sourcing their inventory closer to home in order to get the latest pieces into the hands of their shoppers fast. But how is it possible such labour intensive p...

22 Touko 201819min

How WeWork really works

How WeWork really works

The co-working and office providing company set out to create the office of the future and has caught the attention of big investors, including SoftBank's Vision Fund. Will office subleasing open the ...

15 Touko 201819min

How beauty is beating the rest of retail

How beauty is beating the rest of retail

Record numbers of bankruptcies and store closures have devastated the retail sector. So why is the beauty market thriving? Will the likes of Sephora and Ulta be able to ward off Amazon? With guests Mo...

8 Touko 201817min

What happened at Qualcomm?

What happened at Qualcomm?

The Trump administration blocked chipmaker Broadcom's bid to acquire rival Qualcomm on the grounds of national security. But how did the San Diego-based company become the target in the first place? A...

1 Touko 201818min

Coming soon

Coming soon

A weekly podcast from the Financial Times that digs into the big business and financial stories in the news. Behind The Money starts Tuesday, May 1. Hosted on Acast. See acast.com/privacy for more i...

24 Huhti 20181min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
hyva-paha-johtaminen
ostan-asuntoja-podcast
rss-rahamania
rss-sami-miettinen-neuvottelija
rss-lahtijat
rss-rentotapaus
kultaiset-hoitajat
rss-startup-ministerio
rss-seuraava-potilas
herrasmieshakkerit
rss-strategian-seurassa
asuntoasiaa-paivakirjat
rss-h-asselmoilanen
rss-tyoelamasta-podcast
rss-vaikuttavan-opettajan-vierella
rss-set-for-life-sijoita-ja-vaurastu