Coin Bureau|Oct 09, 2026 18:35
🚨TODAY: U.S. telecom giants' stocks plunge as Elon Musk's SpaceX moves to challenge the mobile carrier industry with "Starlink Mobile".
AT&T (T) and Verizon (VZ) plunge 11%, while T-Mobile (TMUS) sinks 13%.
SpaceX is acquiring nationwide 800 MHz wireless spectrum to expand mobile coverage, including indoors, pending FCC approval.
Starlink targets full 5G-quality service by H1 2028, threatening to disrupt traditional U.S. telecom carriers.
Elon Musk says SPCX reaching a $1 QUADRILLION valuation is a “possible” outcome.
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