SpaceX says it has a plan for Starlink Mobile to compete against the big three wireless carriers and take a large number of customers away from them.

SpaceX has so far partnered with traditional mobile carriers to supplement their ground-based networks with Starlink satellite capacity, mainly to ensure coverage from space in dead zones not reached by cell towers. But SpaceX is buying spectrum licenses that would let it offer its own terrestrial service to compete directly against the big carriers, and the firm's top executives said in yesterday's earnings call they plan to do just that.

"The spectrum that we purchased from EchoStar does have terrestrial components, so we definitely intend to build out the terrestrial component," SpaceX President Gwynne Shotwell said in response to questions on the earnings call. "So you will have not only the capacity from the satellites themselves, but you will have a buildout of the terrestrial, basically the hardware and systems necessary to make a true mobile service exactly what you want it to be."

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Over the past few years, it has become a rather rare treat when I end up genuinely, unequivocally enjoying the latest superhero film. Mostly I find them to be middling entertainment, sometimes a bit dull—and for The Eternals, nearly unwatchable—with the notable exception of 2024's Deadpool & Wolverine and last year's Thunderbolts*.

Add Spider-Man: Brand New Day to that list of exceptions. Tom Holland's latest outing as the titular web-slinger reminds us that superhero movies can still be very, very good—as much about well-drawn characters with interesting developmental arcs and well-timed emotional beats as CGI-filled action extravaganzas. There's plenty of the latter in Brand New Day, of course, but it's the grounded humanity at its heart that makes director Destin Daniel Cretton's film work so well.

(Spoilers below but no major reveals until after the gallery. We'll give you a heads up when we get there)

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Disney is “exploring a free product” for streaming customers, CEO Josh D’Amaro confirmed in a call with investors today.

D’Amaro, who succeeded Bob Iger as Disney’s chief in March, said that a free Disney-owned streaming service would help Disney reach more “price-sensitive” customers, which is a “strategic priority” for Disney, according to a transcript of the call.

A free streaming service would also generate more ad revenue, which has become increasingly important for streaming services challenged by plateauing subscriber numbers, subscriber churn, and competition from cheaper and free rivals.

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SpaceX shares dropped on Wednesday after Elon Musk’s plans for blockbuster spending to position his AI and rocket company as a data center developer spooked investors.

SpaceX surpassed analysts’ expectations in Tuesday’s debut earnings report, posting quarterly revenues of $7.8 billion, well above analysts’ estimates of $6.82 billion and up 92 percent from a year earlier. It posted a net loss of about $541 million, better than estimates of $2.12 billion.

But shares in SpaceX fell 10 percent in early trading after it reported capital expenditure of almost $16 billion on AI, double the previous quarter and well above Wall Street’s expectations. It said spending would persist at current levels for at least two more quarters.

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