The Economic Times

Telecom stocks under fire, sink up to 13% as Elon Musks Starlink buys spectrum from Grain Management

SpaceXs move to acquire low-band spectrum licences has intensified concerns about disruption in the US telecom industry, sending shares of Verizon, AT&T and T-Mobile lower. The company plans to combine satellite connectivity with terrestrial infrastructure to expand Starlink Mobile coverage. The deal, alongside regulatory approval for its next-generation satellite constellation, signals an escalation in SpaceXs challenge to established wireless operators.