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AT&T shares fall 8% amid concerns over SpaceX entering wireless market

The Motley Fool +1 ·

SPCX Space Exploration Technologies Corp
$147.49 +1.89%
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  1. 1AT&T shares fell 8% on Friday.
  2. 2SpaceX is negotiating to secure access to at least 80,000 cell sites across the United States.
  3. 3SpaceX Starlink Mobile recorded 22 million monthly users in the third quarter, representing a 37% increase among SpaceX Starlink Mobile monthly users in the third quarter.

So what's the key point?

AT&T shares dropped 8% as SpaceX prepares to enter the wireless communications market. There are concerns about intensifying competition as SpaceX's user count exceeds 22 million.

Source The Motley Fool +1 · View original ↗

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