As SpaceX (SPCX.US) seeks to challenge major wireless carriers such as T-Mobile (TMUS.US) and Verizon (VZ.US), Elon Musk said on Friday that he is open to acquiring a leading telecom operator.

Speaking to billionaire investor Ron Baron at asset manager Baron Capital's annual investment conference, Musk said SpaceX could go very far in competing with telecom giants by leveraging the spectrum licenses it has acquired. The licenses grant the company rights to use specific radio frequency bands.

Musk, CEO of SpaceX, said if they can use spectrum more efficiently than traditional telecom companies, they could eventually acquire those traditional telecom companies and improve their spectrum efficiency by 10x.

His remarks are expected to intensify market discussions over the future development of AT&T (T.US), Verizon and T-Mobile. SpaceX has been actively enhancing its capabilities to provide nationwide wireless services integrating terrestrial and satellite connectivity, supporting mobile phone and internet connections.
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