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European stocks rebound as SpaceX telecom fears drag shares
Original: Stocks rebound but SpaceX fears spark telecommunications falls https://www.standard.co.uk/business/business-news/spacex-
Stock markets in London and Europe rebounded, but telecommunications stocks fell sharply on fears that Elon Musk's SpaceX could disrupt the sector, reportedly linked to comments involving Donald Trump. Investors rotated out of telecom companies amid concerns satellite-based internet services could challenge traditional operators. Traders weighed the wider recovery against the uncertainty hanging over the telecom industry.
Why now: SpaceX's potential entry into telecommunications is rattling investors in an otherwise recovering market.
SpaceXElon MuskLondon Stock ExchangeDonald Trump
Evidence
- Stocks rebound but SpaceX fears spark telecommunications falls https://www.standard.co.uk/business/business-news/spacex-london-stocks-donald-trump-european-b1300216.html # Business # Finance # Technology · the_standard@robot.villas · 5
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