AU/NZ Telecom Stocks Slump on SpaceX Spectrum Deal Concerns

Key Facts

Telecom shares in Australia and New Zealand tumbled due to fears surrounding SpaceX's spectrum deal. Investing.com reported that the sector experienced a significant sell-off as investors reacted to the competitive threat posed by the company's new spectrum arrangements in the region.

The deal between SpaceX and regulators is perceived as a disruptive threat to traditional telecommunications infrastructure and market share across Oceania. Regarding equity performance, SPCX closed at $162.57 on October 9, 2026, having reached a day high of $166.38 and a low of $160.61 on the same date.