SpaceX shares rose 3.3%, according to MSX.COM data, after the company reached an agreement to acquire a nationwide low-band spectrum portfolio. The move came alongside sharp losses at the open for the three major U.S. telecom carriers. T-Mobile US fell 9.6%, AT&T dropped 8.2%, and Verizon declined 6%. The market move was reported by Odaily, citing MSX.COM. No additional terms of the spectrum deal were disclosed in the source material. The report focused on the immediate stock reaction in SpaceX and the simultaneous decline in major telecom names.
SpaceX (SPCX.O) rose 3.3%, according to MSX.COM data, after the company reached an agreement to acquire a nationwide low-band spectrum portfolio.
The three major U.S. telecom carriers opened lower. T-Mobile US (TMUS.O) fell 9.6%, AT&T (T.N) dropped 8.2%, and Verizon (VZ.N) was down 6%.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
