Sentiment: Negative
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Verizon (VZ) Stock Drops 7% After SpaceX Spectrum Deal Threatens Wireless Market
By Trader Edge at 2026-11-07 04:46
Sentiment: Negative
TLDR Verizon (VZ) stock fell 7% in after-hours trading to $43.25 after SpaceX agreed to buy nationwide low-band spectrum from Grain Management. The spectrum deal could let Starlink Mobile penetrate buildings and expand coverage across almost the entire U.S. population. AT&T and T-Mobile stock also dropped sharply in extended trading on the same news. KeyBanc [...] The post Verizon (VZ) Stock Drops 7% After SpaceX Spectrum Deal Threatens Wireless Market appeared first on CoinCentral. Continue reading...
Categories: News
Tags: #News #Stocks
Source Coin Central