T-Mobile owner on Elon Musk launching a wireless carrier: ‘Welcome to the party’

T-Mobile's parent company, Deutsche Telekom, thinks SpaceX's Starlink Mobile will require at least $200 billion to become a major carrier in the US. This estimate comes from Deutsche Telekom CEO Tim Höttges, who calculates the cost of $200 billion to buy 76 megahertz of spectrum, $20 to $30 billion to rent towers, and costs for antennas. Höttges says 'welcome to the party' to SpaceX, acknowledging the potential threat Starlink Mobile poses to the mobile industry.