✉news ScienceSpace first seen 15 h ago, last just now, 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

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• US, European telecom stocks slide as SpaceX spectrum deal rattles sector · Reuters

API: https://socialmediatrends-api.osmike.com/v1/trends/1592949