✉news ScienceSpace first seen 20 h ago, last 10 min ago, peak #1
Telecom stocks slide on SpaceX spectrum deal
Original: US, European telecom stocks slide as SpaceX spectrum deal rattles sector
Telecom shares in the United States and Europe fell after SpaceX struck a deal to acquire spectrum, raising fears of fresh competition from Elon Musk's satellite network. Investors worry that direct-to-cell satellite services could erode traditional carriers' control of mobile connectivity, prompting a broad sell-off across major telecom operators on both sides of the Atlantic.
Why now: Investors fear SpaceX's entry into spectrum-based mobile services threatens the business models of established telecom operators.
SpaceXElon MuskEuropean telecom companiesUS telecom companies
Rank over time, top of the chart is #1. 9 snapshots from 11 h ago to 10 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1592949