Macro Finance
Elon Musk’s growing SpaceX empire sends AT&T, Verizon and T-Mobile shares plunging
NBC Business·October 9, 2026·1 min read
Elon Musk's plan for SpaceX to become a major mobile carrier sent shares of AT&T, Verizon and T-Mobile plunging, wiping out over $50 billion in market value before lunch. The announcement rattled investors in the telecom sector, reflecting concerns about SpaceX's potential entry into the mobile market and its impact on established carriers.
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