✉news ScienceSpace first seen 12 h ago, last 16 min ago, peak #1
Telecom stocks slide on SpaceX spectrum deal
Original: US, European telecom stocks slide as SpaceX spectrum deal rattles sector
Shares of US and European telecom companies fell after news of a spectrum deal involving SpaceX rattled the sector. Investors fear the satellite company could intensify competition for wireless spectrum and pressure traditional carriers' revenues, prompting a broad sell-off across telecom stocks on both sides of the Atlantic.
Why now: Markets are reacting to the competitive threat SpaceX poses to established telecom operators' spectrum and business models.
SpaceXUS telecom companiesEuropean telecom companies
Rank over time, top of the chart is #1. 2 snapshots from 1 h ago to 16 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1592949