AT&T, Verizon, T-Mobile plunge on SpaceX spectrum deal

AT&T and Verizon dropped 10% and T-Mobile US 14% in morning trading October 9, 2026, NBC News reported, after SpaceX agreed to buy nationwide spectrum — the airwaves — for Starlink Mobile. U.S. and European telecoms were top decliners, Reuters reported. Investors fear satellites could squeeze carrier profits. Deal still needs approval.