StocksMedium•9 October 2026•
1 min read
US Telecom Stocks Decline as SpaceX Expands Wireless Ambitions
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.
Shares of Verizon, AT&T, and T-Mobile traded lower following SpaceX's announcement of a new spectrum deal. Benzinga reported that SpaceX signaled plans to target existing wireless carrier customers, intensifying competition within the industry.
VZ closed at $46.35 on October 8, 2026, while T closed at $24.87 on the same date. This price action follows SpaceX's expansion into spectrum capabilities, which represents a direct challenge to established traditional carriers.