✉news ScienceSpace first seen 14 h ago, last 21 min ago, peak #10
Verizon Stock Drops 10% After SpaceX Spectrum Deal
Original: Verizon Stock Fell 10% in a Day After SpaceX’s Spectrum Deal. Here’s What Its CEO Said About Starlink in September
Verizon shares fell roughly 10% in a single trading day following SpaceX's acquisition of EchoStar's spectrum, a move seen as strengthening Starlink's ability to offer direct-to-cell service and threaten traditional carriers. Investors are weighing the competitive risk, while attention has turned to Verizon's CEO remarks from September, when he downplayed the near-term threat posed by Starlink's satellite connectivity ambitions.
Why now: SpaceX's spectrum purchase raises fears that Starlink could directly compete with Verizon's wireless business.
Rank over time, top of the chart is #1. 5 snapshots from 5 h ago to 21 min ago.
Evidence
- Verizon Stock Fell 10% in a Day After SpaceX’s Spectrum Deal. Here’s What Its CEO Said About Starlink in September · TIKR.com
- Verizon Stock Fell 10% in a Day After SpaceX’s Spectrum Deal. Here’s What Its CEO Said About Starlink in September · Yahoo Finance
API: https://socialmediatrends-api.osmike.com/v1/trends/1757022