T-Mobile, Verizon and AT&T all fall 7-8% after hours on SpaceX/Starlink news
mitchdeg · x · 2026-10-09
Following SpaceX/Starlink's announcements, the three major US carriers — T-Mobile, Verizon and AT&T — all dropped 7-8% in after-hours trading, per the author.
The author quips the carriers can "thank Elon". The selloff reflects market concern that direct-to-cell satellite service threatens traditional telecom business models.
More from Venture
- Bittensor-based GPU cloud Lium buys back and burns nearly $2.7M of SN51 tokens in six months — markjeffrey · 2026-10-09
- Anthropic reportedly eyeing $2T IPO valuation despite $42B losses, analysts say $150B — SumitGup · 2026-10-09
- Marketing AI Playbook Part 11: Automate Weekly Reports with Looker Studio and Slack Bots — FinanceYF5 · 2026-10-09
- Marketing AI Playbook Part 10: Geo Holdout Tests Reveal Meta Over-Attribution by 2-5x — FinanceYF5 · 2026-10-09
- Marketing AI Playbook Part 9: Behavior-Triggered Emails with a 10% Holdout Group — FinanceYF5 · 2026-10-09
- Marketing AI Playbook Part 8: Server-Side Tracking to Deduplicate Conversion Events — FinanceYF5 · 2026-10-09