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

埃隆·马斯克与电信巨头梦想的终结

Behind the Money

2025-10-08

23 分钟
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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.
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  • In September, one of the richest people in America took a trip to Paris for a conference.

  • I would like to ask Charlie Ergen, our founder and patriarch, to join me for Q&A.

  • Charlie, if you don't mind, join us.

  • Thank you.

  • That person I'm talking about is Charlie Ergan, who's being introduced here.

  • After that applause, he starts taking questions about the future of the company he founded,

  • his satellite operator, EchoStar.

  • I guess I would say it's about the fourth pivot for me personally as a company.

  • And every time we pivoted, it was always a little scary at first, and it was always sometimes nuts.

  • This pivot Ergan's talking about here,

  • It has to do with some eye-popping deals that his company has been involved in.

  • for spectrum licenses from Echo Star.

  • Elon Musk's SpaceX said on Monday it will buy wireless spectrum licenses from Echo Star for its Starlink satellite network for about $17 billion.