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Verizon suffers worst day since 2002 on SpaceX network plans
Original: t
Verizon shares posted their worst single-day decline since 2002 after SpaceX outlined plans to build a direct-to-cell network in the United States. The announcement hit mobile carrier stocks broadly, with investors weighing the threat satellite connectivity poses to traditional telecom providers. Analysts are now reassessing competitive risks across the US cellular industry.
Why now: SpaceX's direct-to-cell ambitions rattled investors in US telecom stocks, triggering Verizon's steepest drop in over two decades.
Rank over time, top of the chart is #1. 8 snapshots from 1 d ago to 1 d ago.
Evidence
- For Trump, a Firing Squad on Livestream Becomes the Latest Spectacle · The New York Times
- What to know about public executions, and why they stopped in the U.S. · The Washington Post
- Verizon posts worst day since 2002 as SpaceX U.S. network plans whack cell provider stocks · CNBC
Elsewhere
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