Houston, Verizon Has a Problem: Verizon Stock Falls as SpaceX Reportedly Seeks 80,000 Cell Sites
Verizon Communications is trading lower after a report that SpaceX is seeking access to 80,000 U.S. cell sites for a fourth wireless network.
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Why It Matters
SpaceX wants to build a new phone network using 80,000 towers across America. Verizon stock dropped because a big competitor entering the market could mean tougher business ahead.
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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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