SpaceX Wants In on Your Phone Bill — Telecom Stocks Tumble

SpaceX plans ground-based mobile phone service, Reuters reported. AT&T and T-Mobile shares fell 2.2%–4% on August 4, 2026. SpaceX bought wireless airwaves — the invisible lanes phones use to connect — in 2025, per its IPO roadshow. So this was coming. A powerful new rival is now circling a market long ruled by just a few players.