U.S. Telecom Stocks Fall as SpaceX Weighs a Nationwide Carrier
Photo: TokenPost
U.S. telecom stocks fell about 5% before Friday’s open as SpaceX held talks with cellular infrastructure firms about a potential nationwide mobile carrier, while tower shares climbed. AT&T, Verizon and T-Mobile each dropped about 5% in premarket trading Friday. The declines were similar across the three wireless companies. Crown Castle rose 10.5%, and American Tower gained 7.3%; both tower companies moved higher. SpaceX shares advanced 2%. Telecom operators fell while tower owners and SpaceX gained. Broader U.S. stock futures also pointed lower before the session, extending the premarket moves beyond the telecom sector.
Source: TokenPost
