T - AT&T Inc.
AT&T (T -9.81%), a wireless and fiber connectivity giant, closed at $22.17, down 9.81%. Space Exploration Technologies' spectrum deal raised competitive concerns for legacy wireless providers, and investors are watching Q3 earnings for guidance and subscriber trends.Trading volume reached 140.3M shares, coming in about 182% above its three-month average of 49.8M shares.
SpaceX just signed a deal to buy Grain Management's satellite spectrum. SpaceX says it aims to "become a major mobile carrier in the US.
SpaceX still has a ways to go before it can seriously challenge the three major wireless operators, but it's making moves to grow its capabilities.
AT&T Inc (NYSE:T) stock is down 7% to trade at $22.87 this morning.
SpaceX Corp (NASDAQ:SPCX)'s Starlink's new mobile push has put pressure on mobile operators like AT&T Inc (NYSE:T, XETRA:SOBA), T-Mobile US Inc (NASDAQ:TMUS, XETRA:TM5) and Verizon Communications Inc (NYSE:VZ, XETRA:BAC). The US aerospace company is moving closer to challenging America's biggest wireless carriers after agreeing to acquire nationwide mobile spectrum for Starlink Mobile.
AT&T stock plunged by over 7% in the premarket session as investors dumped most telecommunications companies after SpaceX announced an agreement to purchase spectrum in the United States. It tumbled to $23, down by 13.3% from its highest point in September this year.
A nationwide spectrum purchase by SpaceX (NASDAQ:SPCX | SPCX Price Prediction) is reshaping the competitive map for U.S. wireless, and the established carriers are taking the hit. SpaceX stock is at $166.
SpaceX is expanding its push into mobile connectivity through an agreement to acquire nationwide 800 MHz wireless spectrum from Grain Management.The deal could
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SpaceX (SPCX) is acquiring Grain Management's nationwide 800 MHz spectrum portfolio in an $8B deal, pressuring major telecom stocks including Verizon (VZ), T-Mobile (TMUS), AT&T (T). Meta (META) has banned ByteDance ads across its platforms in seven countries, citing competitive concerns and industry norms.
AT&T, Verizon, and T-Mobile are having a nightmarish end to the week, but it could be a chance to buy their beaten-down shares.
Farther Finance Advisors LLC increased its position in shares of AT&T Inc. (NYSE: T) by 29.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 495,838 shares of the technology company's stock after buying an additional 114,056 shares during
SpaceX plans to purchase Grain Management's 800 MHz spectrum portfolio in a move to bolster its mobile ambitions. The news is lifting cell-tower stocks.
AT&T (T) closed the most recent trading day at $24.87, moving +1.63% from the previous trading session.
Space Exploration Technologies Corp (NASDAQ:SPCX) announced a deal to acquire low-band spectrum from Grain Management Thursday. News of the deal has stocks of U.S. mobile carriers trading lower as SpaceX could become a major competitor moving forward.
SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile
The FCC just handed SpaceX a path to reach your phone without asking AT&T or Verizon for permission, and the carriers are already scrambling to respond before the first satellite even launches.
The 10-year Treasury now pays 5.31%, and most dividend stocks simply cannot clear that bar.
T's new fiber joint venture with GIP and CPP Investments aims to expand high-speed Internet access while supporting debt reduction and growth.
AT&T is compounding earnings at a double-digit pace, yet trades at just 10.37x 2026 earnings with a 4.58% forward yield. Q2 saw service revenue growth nearly double from Q1, adjusted EPS up 20.4% YoY, and FCF above guidance, supporting a robust capital return plan. Management reaffirmed double-digit EPS growth guidance through 2028, accelerated buybacks to $10B for 2026, and maintains a well-covered dividend.