Earlier quoted context omitted.
Can you provide some technical documentation that supports your assertion that the baseband and the application processor are sharing memory space? I thought they use different processors that are supporting essentially independent operating systems.
They're independent operating environments, but that doesn't mean their memories are isolated. It's commonly accepted that most mobile SoCs operate this way. See the diagram/text on page 2 of https://www.usenix.org/system/files/conference/woot12/woot12... . To the extent that a specific Qualcomm processor might avoid such a design, it's impossible to know due to their longstanding culture of security through obscurit…
Modern Qualcomm basebands are restricted by an MMU and isolated from the main OS. Carriers wanted this because baseband exploits were such a common way for phones to get rooted. Additionally they have been hardened considerably in recent times, apparently modern Qualcomm basebands are much, much harder to hack than they once were. And they run now on a proprietary CPU design called, I think, Hexagon, which makes even just disassembling the thing a bit tricky.