StocksMediumUpdated•Originally published 9 October 2026•Updated 9 October 2026•
1 min read
T-Mobile Hits Lowest Level Since 2023 as SpaceX Competition Fears Mount
Key Facts
1Shares of Verizon, AT&T, and T-Mobile traded lower following SpaceX's announcement of a spectrum deal.
2SpaceX signaled plans to target existing wireless carrier customers.
T-Mobile stock fell to $148, marking its lowest level since December 2023. Reports indicated that the sell-off accelerated following SpaceX's announcement of a new spectrum deal aimed at capturing existing wireless carrier customers.
TMUS closed at $148.00 on October 9, 2026, as SpaceX's wireless ambitions weighed on the sector. Meanwhile, VZ closed at $46.35 and T closed at $24.87 on October 8, 2026, amid a direct challenge to traditional US carriers in the spectrum market.