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✉news ScienceSpace first seen 1 d ago, last 3 h ago, peak #8

Telecom stocks slide as Wall Street weighs SpaceX threat

Original: As AT&T, Verizon and T-Mobile shares fall, Wall Street assesses the growing SpaceX threat

Shares of AT&T, Verizon and T-Mobile fell as Wall Street weighed the growing competitive threat from SpaceX. Investors are increasingly focused on SpaceX's satellite-based connectivity ambitions and what they could mean for the traditional wireless carriers' market dominance and future revenue.

Why now: SpaceX's expanding satellite communications push is rattling investor confidence in the major US carriers' long-term prospects.

AT&TVerizonT-MobileSpaceXWall Street

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