SpaceX, led by Elon Musk, has secured $8 billion worth of cellular spectrum licenses to build a terrestrial network complementing its Starlink satellite service. This move aims to fill coverage gaps using a combination of ground cell towers and satellites, pending approval from the Federal Communications Commission (FCC). The FCC chair expressed support, while major telecom companies like AT&T, T-Mobile, and Verizon saw their shares dip amid concerns. Details on pricing and availability for the new Starlink Mobile service remain unclear, but the initiative signals a significant challenge to traditional US telecom providers.
AT&T, T-Mobile, and Verizon, the major US telecom players, are experiencing significant share price declines on Pluang following SpaceX's announcement, with T-Mobile down 12.42% and AT&T down 10.11% as of Oct 09, 2026 23:41 WIB. Verizon, despite a 9.56% drop, still shows a strong dividend yield of 6.11%, the highest among the three. Market caps remain substantial, with Verizon at $192.57 billion and T-Mobile at $183.76 billion, highlighting the scale of the telecom sector facing disruption.
Scotiabank lowered Verizon's price target from $51.50 to $50 following SpaceX's acquisition of 14 MHz of wireless spectrum in the 800 MHz band for its Starlink Mobile network. This deal intensifies competition in the U.S. telecom market, pressuring V...
SpaceX's Starlink is expanding its mobile service by acquiring up to 14 MHz of low-band spectrum, challenging major US wireless carriers like AT&T, Verizon, and T-Mobile. This spectrum will improve Starlink Mobile's coverage by allowing signals to tr...
SpaceX's purchase of nationwide low-band spectrum enables its Starlink service to operate as an independent cellular network, challenging traditional carriers Verizon and AT&T, whose stocks fell 7% amid fears of increased competition. This move expan...
AT&T announced the launch of the new foldable iPhone Duo, along with iPhone 18 Pro and Pro Max, available for pre-order on Oct 16 and general sale on Oct 23, 2026. New and existing customers can get up to $1200 off with eligible trade-ins, while swit...
SpaceX is acquiring Grain Management's nationwide 800 MHz spectrum portfolio for $8 billion, pressuring major telecom stocks like Verizon, T-Mobile, and AT&T, which dropped about 6% as Starlink Mobile aims to challenge traditional carriers. Meta has ...
