SpaceX Is Coming For Telecom Companies: AT&T, Verizon And T-Mobile Tumble
The SpaceX spectrum deal sent AT&T, Verizon and T-Mobile down about 7% premarket. Elon Musk cheered the deal.
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Why It Matters
SpaceX got permission to use radio waves for internet service. Phone companies fell in price because they might have new competition.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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