SpaceX’s spectrum grab just sent telecom stocks into a carrier-grade meltdown.
Catalyst. QUICK SPARK: AT&T Sinks 11% In Worst Day Since 2000 As SpaceX Spectrum Deal Rattles Carriers
AT&T fell 11%, its worst one-day decline since December 2000, after SpaceX agreed to buy nationwide low-band spectrum, rattling telecom carriers.
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