T · AT&T Inc.

AT&T Inc T

Provides wireless, broadband, and fixed-line telecommunications services to consumers and businesses.

Daily briefOctober 23, 2026

AT&T falls as SpaceX edges closer to a rival wireless network

-7.96% to $20.93 from $22.74

Shares declined after Bloomberg reported SpaceX is negotiating with major tower companies for access to at least 80,000 US cell sites to build a nationwide wireless carrier that would compete with AT&T, Verizon and T-Mobile.
The report follows SpaceX’s purchase of an 800 MHz low-band spectrum portfolio from Grain Management, a deal reported to be valued near $8 billion and still subject to FCC approval.
AT&T and Verizon had already posted some of their steepest single-day declines in more than two decades when the spectrum deal was first reported earlier in October.
Some analysts said they see limited near-term competitive risk, citing Starlink’s technical constraints and slow mobile-subscriber growth to date.

Sources: Bloomberg · CNBC · Global Banking & Finance · TipRanks

Daily briefOctober 9, 2026

-10.82% to $22.18 from $24.87

AT&T shares fell 9.81% on Friday as the SpaceX spectrum deal weighed on telecom stocks broadly.
AT&T fared worst of the three carriers in Thursday night’s after-hours trading, down almost 7%.
AT&T’s chief executive has argued that direct-to-cell satellite technology mainly fills coverage gaps in remote areas rather than replacing terrestrial networks, a view investors appeared to discount on the spectrum news.
SpaceX’s roughly $8 billion purchase of 800 MHz spectrum from Grain Management still requires FCC approval before closing.

Sources: CNBC · The Wall Street Journal