Verizon has launched their long-awaited first 5G-capable hotspot, the MiFi M1000 by Inseego. The M1000 will run customers $649.99 outright, or $499.99 with a 2-year contract. The 5G data service itself is also quite costly – 5G data is available with Verizon’s unlimited plan for $90 per month, or if you already have an unlimited plan on a Smartphone, you can add service for the 5G MiFi for an extra $30/month. Either way, you’ll get 50GB of 5G at top speeds, after which you’ll be throttled to 3Mbps.