Verizon's stock fell about 10% following SpaceX's acquisition of up to 14 MHz of low-band spectrum, enhancing Starlink Mobile's coverage but not fully resolving capacity constraints. Despite the drop, Verizon added 184,000 postpaid phone and 348,000 broadband connections in Q2, with improving subscriber economics. Management expects mobile and broadband revenue growth to accelerate toward 4% in Q4, supported by low acquisition costs. The selloff is seen as an overreaction to the long-term threat from SpaceX, with a potential rebound target price between $44.90 and $46.30.
Verizon's stock price on Pluang is USD 42.33, up 1.63% as of Oct 12, 2026 21:51 WIB, showing resilience after recent volatility. SpaceX shares also gained 1.13%, trading at USD 164.40 at the same time, reflecting ongoing investor interest in both companies.
On October 8, 2026, ARK Invest sold 29,048 shares of SpaceX just hours before Grain Management announced a major deal selling its 800 MHz spectrum portfolio to SpaceX. This spectrum acquisition could enable SpaceX to become a new national wireless co...
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...
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...
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...
