Markets
SpaceX spectrum deal hits telecom stocks
T-Mobile, AT&T and Verizon fell 8–13% as a satellite entrant gets priced in.
In the Daily Brief of 11 October 2026
SpaceX bought a nationwide portfolio of 800 MHz spectrum to offer Starlink service directly to phones. Shares of T-Mobile, AT&T and Verizon fell roughly 8 to 13 percent on the news.
Investors are starting to price a satellite entrant into what has long been a stable three-player market.