StocksMedium•9 October 2026•
1 min read
Telecom Stocks Slump in US and Europe Following SpaceX Spectrum Acquisition
Key Facts
1US and European telecom stocks fell following SpaceX's acquisition of low-band spectrum.
2Investor concerns grew over increasing competition from satellite-based mobile services.
US and European telecom stocks fell following SpaceX's acquisition of low-band spectrum. Reuters reported that investor concerns grew over increasing competition from satellite-based mobile services, which are expected to disrupt traditional network operators.
SPCX closed at $160.57 on October 8, 2026, after trading between a day high of $167.6 and a day low of $160. The sell-off across the sector reflects fears that the deal will intensify competition by providing direct-to-cell connectivity, challenging the established infrastructure of major telecom players.