https://www.live-feeds.com/feed/elon-musk-s-growing-spacex-empire-sends-at-t-verizon-and-t-mobile-shares-plungingContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/elon-musk-s-growing-spacex-empire-sends-at-t-verizon-and-t-mobile-shares-plunginghttps://www.live-feeds.com/feed/elon-musk-s-growing-spacex-empire-sends-at-t-verizon-and-t-mobile-shares-plunging#u117387Mon, 12 Oct 2026 08:25:15 +0000SpaceX acquired the 800 MHz spectrum that T-Mobile previously dropped for $2.9 billion, sparking a major market sell-off for major U.S. telecommunications providers. The deal wiped out over $50 billion in market value before lunch as shares of AT&T, T-Mobile, and Verizon plunged. Verizon stock suffered its worst day since 2002. SpaceX announced plans to become a major mobile carrier in the United States by acquiring spectrum and deploying satellites for its Starlink service, creating direct competition for traditional phone networks.Why it mattersThe expansion of the Starlink satellite net