💼 5 PM · While you worked
Phone-company stocks sink after SpaceX spectrum deal
Shares of Verizon, AT&T and T-Mobile fell sharply Friday after SpaceX agreed to buy a nationwide 800 MHz low-band spectrum portfolio expected to be used for a mobile service. The deal needs FCC approval. The broader market rose: the Dow gained about 423 points and the S&P 500 rose 0.59%.
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Sources
- Yahoo Finance: Stock market today, Oct. 9
- Quartz: SpaceX spectrum deal hits telecom stocks
- TheStreet: Stock market today, Oct. 9, 2026
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