Telecom stocks fall after report SpaceX plans 80,000 cell sites
Key points
- Yahoo Finance says telecom stocks declined after SpaceX was reported to be targeting 80,000 cell sites.
- T-Mobile fell 5%, AT&T dropped 4% and Verizon slipped 3%.
According to Yahoo Finance, telecom stocks fell after SpaceX was reported to be eyeing 80,000 cell sites. The report said T-Mobile sank 5%, AT&T dropped 4% and Verizon slid 3%.
Yahoo Finance said the decline came as SpaceX looked at expanding its presence in cell sites, but the source provided no further details.
Original reporting
This page summarizes reporting by Yahoo Finance, originally published October 23, 2026 at 1:48 PM under the headline "Telecom Stocks Fall as SpaceX Eyes 80,000 Cell Sites: T-Mobile Sinks 5%, AT&T Drops 4%, Verizon Slides 3%". All rights to the original article belong to Yahoo Finance.
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