AT&T, Verizon and T-Mobile shares plunge after SpaceX spectrum agreement

AT&T and Verizon fell 10% and T-Mobile US 14% in morning trading on October 9, 2026, NBC News reported, after SpaceX agreed to buy nationwide airwaves for Starlink Mobile. U.S. and European telecoms ranked among top decliners, Reuters reported. For savers, investors fear satellite coverage could squeeze carrier profits. Deal still needs approval.