US telecom trio drops pre-market as Starlink customer capture comments surface

1. 1Verizon (VZ), AT&T (T), and T-Mobile (TMUS) fall in pre-market trading after SpaceX (SPCX) President Gwynne Shotwell's remarks on capturing Starlink customers
2. 2In its first earnings update, Shotwell noted that Starlink could win a significant share of customers from the US carriers' combined $600 billion annual market
3. 3The three carriers' executives have recently pushed back, arguing that satellites face physical constraints and urban limitations that make them unlikely to be a meaningful threat to their core business

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