Investor's Business Daily16 hours ago·2 min read·medium

SpaceX Buys Wireless Spectrum For Starlink; Verizon, AT&T, T-Mobile Tumble

ED CARSON

✦AI Summary

SpaceX has announced plans to acquire wireless spectrum to expand its Starlink satellite internet service. The move has negatively impacted the stock prices of major telecommunications providers like Verizon, AT&T, and T-Mobile.

Why it matters

This development signals a potential shift in the telecommunications landscape as satellite-based internet providers increasingly compete with traditional terrestrial wireless carriers.

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Space Exploration Technologies, or SpaceX, plans to buy significant wireless spectrum, bolstering its Starlink service. The news slammed shares of wireless giants Verizon Communications, AT&T and T-Mobile US in overnight action, while also hitting AST SpaceMobile. SpaceX CEO Elon Musk called the move a "very big deal." SpaceX Buys Wireless Spectrum SpaceX will buy up to 14 megahertz of spectrum...

10/08/2026 Futures rise, with AI stocks rebounding from OpenAI-spurred losses. A SpaceX spectrum buy hit Verizon, AT&T and T-Mobile.

10/08/2026 Futures rise, with AI stocks rebounding from OpenAI-spurred losses. A...

Meta's AI glasses are grappling with privacy worries and concerns about nonconsensual filming and surveillance, the same pushback that derailed category pioneer Google Glass. (© Jon Krause)

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