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✉news ScienceSpace first seen 1 d ago, last 10 h ago, peak #19

Telecom Stocks Slide Amid SpaceX Market Speculation

Original: T, VZ, TMUS Stocks Are Sliding Today — Is There A SpaceX Connection?

Shares of AT&T, Verizon and T-Mobile are trading lower, with market commentary asking whether SpaceX's expanding satellite communications ambitions are behind the move. Investors in the telecom sector are weighing how competition from SpaceX's Starlink service, including direct-to-cell plans, could pressure traditional carriers' revenues and growth outlooks.

Why now: Traders are speculating that SpaceX's satellite connectivity push could threaten the business models of the major US telecom carriers.

AT&TVerizonT-MobileSpaceXStarlink

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