Elon Musk's next target: A major shake-up of America's wireless market

Elon Musk is looking to shake up America's wireless industry, potentially bringing the first major new competitive threat in years to a business dominated by three companies. Why it matters: The cellular industry has seen enormous technological change, but relatively little disruption to its competitive structure. Musk has the money, spectrum and satellite network to attempt something different — though he faces daunting obstacles. Driving the news: SpaceX is assembling the pieces to become a major U.S. wireless carrier, potentially building its own terrestrial network and buying available spectrum. The moves are meant either to build the capability to bypass existing carriers or to bring them to the table for a deal that would allow Musk to strike a deal for wholesale access to their networks. Musk may have reason to move quickly while the current administration and its regulatory appointees remain in place, a reason some analysts have cited in the context of proposals for a merger between Tesla and SpaceX . What they're saying: Blair Levin, a former FCC chief of staff who now heads policy at Optimal Advisory, says Musk's financial resources distinguish him from previous challengers. "For the first time, there is an entity capable of scaring investors in the traditional big three," Levin told Axios. Unlike Dish, which faced serious financing constraints, SpaceX can draw on capital markets that have rewarded Musk's ambitious plans. The latest : SpaceX has held talks with EchoStar about acquiring Boost Mobile or gaining access to its network arrangements, according to a Washington Post report Monday. That could provide a quick route to customers and infrastructure, although approval of such a deal is far from a foregone conclusion if Musk's businesses are drawn into a regulator quagmire after the midterm elections. The Post reported that Verizon, AT&T and T-Mobile have all rebuffed Musk's efforts to gain access to their networks. State of play: Musk also has a path t