Elon Musk, T-Mobile's Sievert to 'announce plans' on mobile connectivity
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It looks like Elon Musk's SpaceX and T-Mobile (NASDAQ:TMUS) are going to have something to say about working together on mobile-phone service.
SpaceX said on its official Twitter (TWTR) feed that Musk and T-Mobile (TMUS) Chief Executive Mike Sievert "will announce plans to increase connectivity" during a webcast on SpaceX.com on Thursday.
Aside from saying that the event would be held at 5 p.m. CT, no other details were divulged.
T-Mobile (TMUS) shares rose 1.3% after SpaceX tweeted about Musk and Seivert's meeting.
Earlier this summer, SpaceX raised almost $1.7B through an equity offering, with plans to use the funds to finance its the development of its Starship rocket project and Starlink satellite network.
Separately, lawyers for Musk, best-known as the CEO of Tesla (TSLA), were in Delaware Chancery Court, Wednesday, in a hearing as part of the lawsuit that Twitter (TWTR) has filed against Musk in an effort to force him to adhere to the terms of his $44B acquisition of the social-media giant. Musk is trying to get out of the deal due to issues with the number of fake or spam accounts on Twitter.