SpaceX's Attempt to Enter Wireless Communications Market and Pepsi Earnings Release
VZ Verizon Communications Inc
$44.66 -1.19%
View chart & analysis → - 1Verizon shares fell approximately 10% late last week following Elon Musk's announcement regarding frequency acquisition.
- 2Construction costs for SpaceX's ground network are expected to exceed $10 billion.
- 3Pepsi released its earnings late last week.
So what's the key point?
Verizon shares dropped about 10 percent as SpaceX moves to secure communication frequencies. SpaceX is expected to spend more than $10 billion to build its communication network.
Source The Motley Fool +1 · View original ↗
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