✉news ScienceSpace first seen 1 d ago, last 1 h ago, peak #17
AT&T, T-Mobile, Verizon shares fall as SpaceX buys spectrum
Original: T, TMUS, VZ Stocks Plunge After-Hours As SpaceX Buys 800 MHz Spectrum For Starlink Mobile
Shares of AT&T, T-Mobile and Verizon fell in after-hours trading following news that SpaceX has purchased 800 MHz spectrum licenses to support Starlink's direct-to-mobile service. The deal would give SpaceX licensed airwaves for connecting phones directly to its satellites, intensifying competitive pressure on the traditional US carriers, whose investors appeared rattled by the prospect of SpaceX entering mobile connectivity more directly.
Why now: SpaceX's entry into licensed mobile spectrum threatens the core business of the major US carriers, prompting an immediate after-hours stock selloff.
SpaceXStarlinkAT&TT-MobileVerizon
Rank over time, top of the chart is #1. 6 snapshots from 1 d ago to 1 h ago.
Evidence
- T, TMUS, VZ Stocks Plunge After-Hours As SpaceX Buys 800 MHz Spectrum For Starlink Mobile · Stocktwits
- T, TMUS, VZ Stocks Plunge After-Hours As SpaceX Buys 800 MHz Spectrum For Starlink Mobile · Yahoo Finance
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