# Musk’s SpaceX expansion plan sends telecom shares tumbling

https://mins.news/en/item/93647

- NBC News, 2026-10-09 17:55 UTC
- Economy
- Original: https://www.nbcnews.com/business/corporations/elon-musk-spacex-verizon-tmobile-att-rcna602525

> 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.

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