Branch² Intelligence
SpaceX panic sends Verizon and AT&T shares toward their worst week in years
Key takeaway
SpaceX's Starlink is disrupting US telecom, causing Verizon and AT&T shares to plunge.
- Step 1Starlink's competitive threat causes Verizon and AT&T shares to drop sharply.
- Step 2US telecoms may reduce capex on fiber and 5G, impacting equipment suppliers and network reliability.
Source: MarketWatch
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