SpaceThe Next Webabout 2 hours ago
SpaceX $8B Spectrum Deal Hits Telecom Stocks
2 min read
SpaceX agreed to pay about $8B for nationwide low-band US spectrum on 9 October, causing AT&T, Verizon and T-Mobile shares to fall. T-Mobile dropped 13.3%, AT&T 9.8% and Verizon 8.8%, marking Verizon's worst day since 2002. The deal requires FCC clearance while Europe reserves two-thirds of its equivalent band for local firms until 2027.
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