Shares of T-Mobile, AT&T, and Verizon fell sharply after reports that SpaceX is negotiating access to 80,000 U.S. cell sites, aiming to become a fourth national wireless carrier. This move would combine SpaceX's satellite service with terrestrial infrastructure, creating direct competition for the established carriers. The potential new competitor could pressure pricing and subscriber retention, impacting the telecom sector's stocks and ETFs. Investors are watching closely as SpaceX's spectrum purchase is expected to close in early 2027, with tower lease agreements likely to be the next key development.
As of Oct 23, 2026 21:01 WIB, T-Mobile shares on Pluang trade at USD 152.20, down 4.15% for the day, while AT&T is at USD 21.57, down 5.15%, and Verizon at USD 43.74, down 3.22%. SpaceX shares, meanwhile, rose 2.30% to USD 148.09. The telecom sector sees notable selling pressure on Pluang, especially for AT&T with 58% of orders to sell, contrasting with SpaceX's 52% buy interest.
SpaceX is reportedly negotiating access to about 80,000 U.S. cell towers to establish a fourth nationwide wireless carrier, potentially disrupting the telecom market. While major carriers like Verizon, AT&T, and T-Mobile saw stock declines, tower own...
Moderna's shares fell nearly 18% after positive Phase 3 results for its personalized melanoma vaccine with Merck were leaked early, causing market uncertainty despite the promising data. Meanwhile, SpaceX is negotiating with major infrastructure firm...
Elon Musk's SpaceX is negotiating with cellular infrastructure providers to launch a fourth national wireless carrier in the US. This move aims to expand SpaceX's current satellite internet service, Starlink, by adding cellular network capabilities. ...
SpaceX announced an $8 billion deal for nationwide 800 MHz spectrum, intensifying competition for Verizon ahead of its Q3 earnings report on October 26. Verizon has shown steady growth with improved revenue and reduced churn, but SpaceX's entry with ...
AT&T reported Q3 2026 results beating revenue and profit expectations and raised its full-year profit outlook, but its shares dropped 5%. The decline reflects a non-cash impairment charge related to its Mexico wireless business, which AT&T is selling...
