News · Equities · MarketWatch · Fri, Oct 9, 2026 7:00 PM
Telecom giants AT&T, Verizon, T-Mobile slide as SpaceX threat looms
Image from the source feed · MarketWatch
AT&T, Verizon and T-Mobile stocks fell sharply, marking the biggest one-day decline for telecoms in over a decade amid growing competition from SpaceX.
Shares of AT&T (T), Verizon (VZ) and T‑Mobile (TMUS) fell sharply, delivering the worst one‑day drop for U.S. telecom stocks in more than ten years.
The sell‑off comes as investors weigh the expanding footprint of SpaceX’s Starlink satellite‑based internet service, which could reshape the competitive landscape for traditional broadband providers.
Market participants are watching how the three companies’ earnings guidance and regulatory actions may influence the sector’s valuation in the coming months.
SpaceX’s growing threat to traditional telecoms
Based on reporting from MarketWatch. Read the original.
OpenBook analysis
Market impact
The sharp decline may prompt investors to re-evaluate the valuations of U.S. telecom providers as SpaceX’s satellite-based internet service gains traction. Traders may monitor earnings guidance and regulatory developments that could influence the sector’s outlook.
General market context for education only, not investment advice.
This briefing was summarized with automated tools from public reporting by MarketWatch and is general market information, not investment advice. Editorial policy & corrections