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Verizon posts worst day since 2002 as SpaceX U.S. network plans whack cell provider stocks

Summary by Ground News

Telecommunications stocks sold off on Friday after Elon Musk’s SpaceX announced an agreement to purchase a nationwide spectrum portfolio, aiming to expand its Starlink internet into mobile service.

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CNBC

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Verizon posts worst day since 2002 as SpaceX U.S. network plans whack cell provider stocks

SpaceX announced the spectrum deal Thursday, as the company aims to push deeper into the telecom market through its Starlink service.

10 hours ago·Englewood Cliffs, United States

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CNBC broke the news in Englewood Cliffs, United States 10 hours ago on Friday, October 9, 2026.

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Verizon posts worst day since 2002 as SpaceX U.S. network plans whack cell provider stocks

1 Articles

1 Articles

Verizon posts worst day since 2002 as SpaceX U.S. network plans whack cell provider stocks

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Verizon posts worst day since 2002 as SpaceX U.S. network plans whack cell provider stocks

1 Articles

1 Articles

Verizon posts worst day since 2002 as SpaceX U.S. network plans whack cell provider stocks

Coverage Details

Bias Distribution Too Big Arrow Icon

Factuality Info Icon

Ownership

More stories like this

SpaceX takes aim at US wireless carriers with spectrum acquisition

Tech stocks drop after report that OpenAI’s revenue is lower than expected

US Stocks: US Market Rises as Oil Retreats; SpaceX Spectrum Deal Hammers Telecoms

Global Market: European Stocks Rebound as Oil Prices Ease; Telecom Shares Slide on SpaceX Deal

PepsiCo sees strong overseas demand but a lackluster North American performance in the third quarter

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Similar News Topics

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More stories like this

SpaceX takes aim at US wireless carriers with spectrum acquisition

Tech stocks drop after report that OpenAI’s revenue is lower than expected

US Stocks: US Market Rises as Oil Retreats; SpaceX Spectrum Deal Hammers Telecoms

Global Market: European Stocks Rebound as Oil Prices Ease; Telecom Shares Slide on SpaceX Deal

PepsiCo sees strong overseas demand but a lackluster North American performance in the third quarter

10-year Treasury note yield hits highest level since 2002 as traders brace for key bond sale

Bias Distribution

Factuality