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BREAKING: Verizon CEO admits he assumes everything SpaceX says it will do, it will do, and execute flawlessly, and says he takes its terrestrial moves "quite seriously" Dan Schulman (CEO): “I also operate under the assumption that everything SpaceX says they will do, they will do, and that they will execute flawlessly. That’s my operating assumption on it. I think to assume anything else, makes no sense from my perspective." "And everything that we’ve seen so far, all of their announcements, everything we’re hearing in the market, and I’ll talk about that in just a second, is so far the path that we’ve basically predicted that they would do." "We always knew that they needed a terrestrial network to have any chance at providing a competitive service. I don’t really need to re-review the satellite beam physics, but just suffice to say that without a terrestrial network, their addressable market for broadband services is relatively small.” "It’s in very rural areas, and their service just can’t compete with a terrestrial network. In suburban and urban areas where like 98% of our revenues are, we’re somewhere between 100 to 1,000 times more efficient than they are. And when you think about wireless, it’s even more difficult with them to compete on a satellite basis." "And so I think that SpaceX realizes this, and they’re exploring a potential path to creating a terrestrial network. It’s not surprising they said it on their call, so I think we should take it quite seriously.”