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AT&T stock drops amid rising concerns over SpaceX's satellite broadband threat

Market News
03 Jun 2026
Market Watch
View Source
Bearish
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AT&T's stock is experiencing its worst day in eight months as investors grow increasingly concerned about the competitive threat posed by SpaceX's low-Earth-orbit satellite broadband services. Oppenheimer analyst Timothy Horan warns that investors may be underestimating the disruption potential of satellite internet offerings, which could impact AT&T's significant broadband market exposure. This development highlights growing challenges for traditional telecommunications companies as new satellite technologies emerge. Investors will be watching closely to see how AT&T adapts to this evolving competitive landscape.

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