Verizon, T-Mobile and AT&T Shares Fall 9% to 13% on SpaceX Spectrum News

On October 9, 2026, Verizon shares closed down 8.75%, their worst single-day performance since 2002, according to CNBC. T-Mobile fell 13.27% and AT&T fell 9.81%. Reuters linked the selloff to SpaceX's spectrum activity, including its agreed, not yet completed, $8 billion purchase of Grain's 800 MHz portfolio.