SpaceX's telecommunications ambitions and falling stock prices of existing carriers
SPCX Space Exploration Technologies Corp
$147.49 +1.89%
View chart & analysis → - 1SpaceX is negotiating with major telecommunications infrastructure companies to secure at least 80,000 cell sites across the United States.
- 2AT&T and T-Mobile shares fell by 6% on Friday.
- 3SpaceX purchased a low-band frequency wireless license portfolio for $8 billion in early October.
So what's the key point?
SpaceX is negotiating with several companies to expand its telecommunications network. Following this news, the stock prices of AT&T and T-Mobile fell by more than 6 percent.
Source Yahoo Finance · View original ↗
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