US telecom operators wobble after report SpaceX in talks for cell sites
US telecom stocks declined on Friday after a report that SpaceX was seeking thousands of cell sites for a fourth wireless carrier, fueling concerns over fresh competition.
Elon Musk’s rocket and space technology company was in talks to access at least 80,000 cell sites to build its wireless carrier from scratch, Bloomberg News reported late on Thursday, citing sources familiar with the matter.
AT&T fell 5.6% to a more than three-month low, Verizon lost 1.6% and T-Mobile shed 5%.
