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 Verizon and AT&T shares. The spectrum purchase aims to enhance Starlink Mobile's capabilities as a nationwide carrier, pending FCC approval. Despite this, Verizon's stock showed a slight gain, trading at $46.35 with a market cap of about $193.5 billion.
Following the news of SpaceX's spectrum deal, Verizon shares on Pluang have dropped 6.47% to USD 42.69 as of Oct 09, 2026 20:41 WIB, below its 52-week high of USD 51.45. AT&T also declined by 7.75% to USD 22.70, with a market cap of USD 170.42 billion. Despite the sell-off, most Pluang users remain buyers, with 86% buying Verizon and 100% buying AT&T shares.
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 satel...
Several dividend stocks like Western Union, FedEx, General Mills, Verizon, and Spectrum Brands are showing signs of potential dividend cuts despite some offering high yields. Western Union's yield is nearly 15%, but its stock has fallen significantly...
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...
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 ...
