Big 3 Telecom Stocks Drop as SpaceX Picks Up Spectrum -- Market Talk
Dow Jones2026/10/08 21:301730 ET - Shares of the three major U.S. telecommunications companys -- AT&T, Verizon, and T-Mobile US -- drop in after-hours trading as SpaceX's effort to disrupt their dominance with its Starlink Mobile business moves closer to fruition. SpaceX agreed to buy a portfolio of 800 megahertz spectrum originally owned by T-Mobile, in what it called one of the final steps toward becoming "a major mobile carrier in the US." SpaceX has made no effort to hide that it has the three companies in its crosshairs: "I anticipate us to be able to acquire quite a few of their customers because I think our service will be better," SpaceX COO Gwynne Shotwell told investors in August. AT&T drops 7.5%, Verizon slides 7%, and T-Mobile loses 6.7% after hours. (elias.schisgall@wsj.com) (END) Dow Jones Newswires October 08, 2026 17:30 ET (21:30 GMT)
1730 ET - Shares of the three major U.S. telecommunications companys -- AT&T, Verizon, and T-Mobile US -- drop in after-hours trading as SpaceX's effort to disrupt their dominance with its Starlink Mobile business moves closer to fruition. SpaceX agreed to buy a portfolio of 800 megahertz spectrum originally owned by T-Mobile, in what it called one of the final steps toward becoming "a major mobile carrier in the US." SpaceX has made no effort to hide that it has the three companies in its crosshairs: "I anticipate us to be able to acquire quite a few of their customers because I think our service will be better," SpaceX COO Gwynne Shotwell told investors in August. AT&T drops 7.5%, Verizon slides 7%, and T-Mobile loses 6.7% after hours. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
October 08, 2026 17:30 ET (21:30 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Natural gas pipeline delays threaten AI data center project progress! Oracle (ORCL.US) deploys a "trucking natural gas" strategy to ensure power supply
According to Jinse Finance, Oracle (ORCL.US) is adopting a novel power supply strategy—transporting natural gas directly by truck to its server parks to ensure that multiple data center projects proceed as planned. Sources reveal that while Oracle awaits the construction and connection of natural gas pipelines to relevant equipment, trucking natural gas has enabled a data center in suburban Salt Lake City to make steady progress for over a year. One source noted that the company is also employing this method at a campus in Shackelford County, Texas, which is being built for OpenAI, to advance the project's initial construction phase.
Goldman Sachs upgrades Palantir (PLTR.US) to "Buy" with a target price of $230, optimistic about AI growth continuing until 2027.
According to Zhitong Finance APP, Goldman Sachs has upgraded the rating of enterprise software company Palantir (PLTR.US) from "Neutral" to "Buy", citing the company's recent underperformance in stock price and increased valuation appeal.
Starbucks (SBUX.US) reportedly plans to acquire Chipotle Mexican Grill (CMG.US)! Wall Street casts doubt: insufficient synergy and low probability of merger
According to sources cited by the media, Starbucks (SBUX.US), the global coffee chain giant, has been working with advisors in recent months to explore a potential acquisition of the US Mexican-themed restaurant chain Chipotle Mexican Grill (CMG.US). The proposed deal aims to merge two major American consumer brands, and, if finalized, would become the largest merger and acquisition in the history of the restaurant industry.
GlobalFoundries (GFS.US) and TSMC (TSM.US) reach a $2 billions silicon interposer supply agreement
GlobalFoundries (GFS.US) announced on Thursday that it has reached a five-year agreement worth $2 billion to provide US domestic capacity to TSMC (TSM.US).
Crypto prices
More
