He [Musk] has now purchased 76 megahertz of spectrum. By the way, we have 400. So if you now say you can purchase the spectrum prospectively, do your math. These are triple-digit billions needed to gain position on the spectrum. If you have the money, go ahead. Then you have to build a network. I can tell you that we have 85,000 towers. No, you can rent towers, without a doubt. But between 20 and 30 billion dollars more are needed.
Put antennas on it. You can buy antennas… and you can get [them] maybe even in a cheaper way, or you build it in a new way, but you need money for that. So, my assessment is that SpaceX at least, if it wants to play in that industry, it needs at least $200 billion. But even beyond that, playing in an industry that, let’s say, we’ve professionalized over the last 20 years, okay, welcome to the party.
