AT&T, Verizon and T-Mobile fall after SpaceX buys phone airwaves

AT&T and Verizon fell 10% and T-Mobile US fell 14% in morning trading October 9, 2026, NBC News reported, after SpaceX agreed to buy nationwide airwaves for Starlink Mobile — the invisible roads phone signals travel on. U.S. and European phone firms were top fallers, Reuters reported. Investors fear satellites could cut their profits. Deal still needs approval.