Business

Verizon stock drops amid SpaceX competition

Updated 2026-10-09 16:40 UTC 1 source Negative

Verizon's stock is experiencing its worst day since 2002 due to a spectrum deal between SpaceX and U.S. telecom networks.

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CNBC
SpaceX announced the spectrum deal Thursday, as the company aims to push deeper into the telecom market through its Starlink service.
2026-10-09 16:26 UTC
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