Verizon

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Global Economy & Central Banks 09 Oct 2026, 10:24 PM IST

SpaceX Spectrum Deal Sends Telecom Shares Lower as Starlink Push Deepens

SpaceX has agreed to buy a nationwide spectrum portfolio, a move that could strengthen its Starlink service and expand its reach in the U.S. wireless market. The announcement pressured shares of AT&T, Verizon and T-Mobile as investors reassessed the competitive threat from a better-positioned satellite operator.

By RDU Global Wire5 min read

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Co-Occurring Entities

Entities frequently referenced alongside Verizon:

Washington, D.C.(1)United States(1)T-Mobile(1)Starlink(1)SpaceX(1)ScienceAlert(1)