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Trump and Cramer defend SpaceX as Musk eyes telecom market

Summary of reporting by BeInCrypto·

Key points

  • BeInCrypto says Donald Trump and Jim Cramer defended SpaceX on Monday.
  • According to the outlet, SpaceX is in talks to buy Boost Mobile or rent its phone network.
  • The preview says Tuesday's midterms and December share unlocks are also affecting the stock.

According to BeInCrypto, Donald Trump and Jim Cramer both defended SpaceX on Monday as the company explores a move into the telecom market. The outlet says SpaceX is in talks to either buy Boost Mobile or rent its phone network. BeInCrypto also says Tuesday's midterm elections and December share unlocks are hanging over the stock. The preview does not provide additional details about the talks or the market reaction.

Original reporting

This page summarizes reporting by BeInCrypto, originally published November 2, 2026 at 2:10 PM under the headline "Trump and Jim Cramer Defend SpaceX as Musk Wants to Enter the Telecom Market". All rights to the original article belong to BeInCrypto.

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