{"id":1042637,"date":"2026-10-12T11:32:56","date_gmt":"2026-10-12T06:02:56","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1042637"},"modified":"2026-10-12T12:33:31","modified_gmt":"2026-10-12T07:03:31","slug":"top-3-us-telecom-companies-lose-billions-after-elon-musks-spacex-announces-spectrum-purchase","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/12\/top-3-us-telecom-companies-lose-billions-after-elon-musks-spacex-announces-spectrum-purchase\/","title":{"rendered":"Top 3 US telecom companies lose billions after Elon Musk\u2019s SpaceX announces spectrum purchase"},"content":{"rendered":"<p>Shares of the three largest telecommunications carriers in the US dropped sharply, erasing roughly $45 billion in combined market value after Elon Musk\u2019s SpaceX announced a nationwide low-bandwidth spectrum purchase aimed at launching a Starlink mobile consumer service, reports have said. The announcement sparked immediate selling across wireless providers upon Wall Street\u2019s opening bell, leading to historic single-day percentage declines for the established telecom giants.<\/p>\n<p>CNBC reported that Verizon Communications, the largest mobile network in the nation by subscribers, ended the day down 8.75% after tumbling 6.9% early in the session \u2013 its steepest one-day fall since July 2002. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of the three largest telecommunications carriers in the US dropped sharply, erasing roughly $45 billion in combined market value after Elon Musk\u2019s SpaceX announced a nationwide low-bandwidth spectrum purchase aimed at launching a Starlink mobile consumer service, reports have said. The announcement sparked immediate selling across wireless providers upon Wall Street\u2019s opening bell, leading to historic single-day percentage declines for the established telecom giants. CNBC reported that Verizon Communications, the largest mobile network in the nation by subscribers, ended the day down 8.75% after tumbling 6.9% early in the session \u2013 its steepest one-day fall since July 2002.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,88,11],"tags":[],"class_list":["post-1042637","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1042637"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042637\/revisions"}],"predecessor-version":[{"id":1042638,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042637\/revisions\/1042638"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1042637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1042637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1042637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}