Manifest Space: Space’s First Phone Call with AST SpaceMobile CEO Abel Avellan 6/8/23
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 8 June 2023
⏱️ 21 minutes
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| 0:00.0 | Reports have suggested Amazon may be getting into the wireless service business, a prospect that initially sent the stocks of Verizon, AT&T and T-Mobile lower. |
| 0:10.0 | Amazon has since batted down that prospect, quote, at this time, at least, but the |
| 0:16.5 | tech giant is also spending billions of dollars on its broadband satellite service, |
| 0:20.7 | Project Kuiper. As the world becomes more digital, |
| 0:24.1 | that means more demand for more reliable |
| 0:26.2 | and expansive network connectivity. |
| 0:28.4 | It's something I asked former AT&T Mobility CEO |
| 0:31.2 | Glen Lurie about just recently. |
| 0:33.0 | You know, satellite is going to, and is today playing a role, |
| 0:36.0 | it's going to play an even bigger role down the road. |
| 0:39.0 | A lot of the deals I got announced, it was also the Apple Global Star deal that was announced as well. |
| 0:44.0 | And I think what you're seeing is is that the expectation of the end user is that their device never goes off network. |
| 0:51.0 | And I think that's what we're talking about today, the IOT business, where the IOT business is going, the fact that if I take my truck and I want to go way off-roading, I'll still want to have E-9-1 services to start. And I think that's where we're beginning and there's a |
| 1:03.8 | whole bunch of people playing in the space Amazon included that I believe down the |
| 1:08.2 | road we're gonna see these things come together and you're gonna have the ability |
| 1:11.9 | in your car on that smartphone to not only use |
| 1:15.0 | terrestrial services but to also be able to utilize services obviously like a global |
| 1:20.5 | stall or like these other players and Amazon's building here to actually make your service more valuable. |
| 1:27.1 | And I think that's absolutely happening. |
| 1:28.8 | I do believe it's going to happen in the IOT space first, but I do think there's going to be partnerships happening down the road for sure. |
| 1:36.0 | Amazon, SpaceX, One Web, and many others are investing big bucks into big constellations. |
| 1:42.0 | In a race to fit into this broader broadband landscape. |
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