EconomyMusk’s SpaceX expansion plan sends telecom shares tumbling

Elon Musk’s plan for SpaceX to become a major mobile carrier sent shares of AT&T, Verizon and T-Mobile sharply lower, wiping out more than $50 billion before lunch.

SpaceXmobile carrierstelecom stocksstock market

People in this report Elon Musk

NNBC News★★★☆☆2026-10-09 17:55Original