Laughable that earth bound mobile providers only declined today when the plan has been obvious for a while.
The market is pricing SpaceX (SPCX) as a credible future carrier, not merely a satellite partner. That distinction explains today’s sharp split: legacy wireless stocks fell, while tower operators rallied.
Spectrum shock, not collapse
SpaceX agreed on Oct 8 to acquire Grain Management’s nationwide 800 MHz low-band spectrum portfolio for about $8B, subject to FCC approval. Low-band spectrum travels farther and penetrates buildings better, strengthening Starlink Mobile’s direct-to-device ambitions. Reuters, Oct 9, 2026
The damage is uneven
Stock Latest move Technical read Take
T-Mobile US (TMUS) $158.85 premarket, -7.27%, Oct 9 at 8:40 AM EDT Daily bounce signals, weekly bearish RSI 41.4 weekly Most exposed sentiment-wise because its U.S. wireless franchise faces a credible new rival.
Verizon (VZ) $43.05 premarket, -5.69%, Oct 9 at 8:40 AM EDT Daily bearish weekly mixed and near oversold Defensive cash flow helps, but mature subscriber growth leaves less room for disruption.
AT&T (T) $22.89 premarket, -6.92%, Oct 9 at 8:40 AM EDT Daily bearish weekly recovery attempt The dividend cushion is meaningful, but today’s decline also included its ex-dividend adjustment.
Deutsche Telekom (DTEGn) €24.855, -7.36%, Oct 9 at 2:40 PM CEST Daily and weekly bearish The selloff is mainly a read-through from its 54% stake in T-Mobile US (TMUS), not an immediate European threat.
Vodafone (VOD) £118.90, -4.42%, Oct 9 at 1:39 PM BST Daily bearish, weekly still constructive More insulated operationally, but telecom multiples are being repriced globally.
Orange (ORAN) €13.90, -2.28%, Oct 9 at 2:40 PM CEST Daily and weekly bearish weekly RSI 30.1 Weak momentum, but lower direct U.S. exposure limits the fundamental shock.
Telefonica (TEF) €3.275, -3.93%, Oct 9 at 2:40 PM CEST
Edited on 09/10/2026 at 14:40:32.
|
I did tell you…....[more]