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Elon Musk Gets 'Very Big Deal' for SpaceX: Why AT&T, Verizon, T-Mobile Stocks are Falling

Source: benzinga.com

M&A & RestructuringAntitrust & CompetitionTechnology & Innovation
Elon Musk Gets 'Very Big Deal' for SpaceX: Why AT&T, Verizon, T-Mobile Stocks are Falling

Space Exploration Technologies Corp. announced Thursday a deal to acquire low-band spectrum from Grain Management. News of the deal weighed on U.S. mobile-carrier stocks, as SpaceX could become a major competitor; the article gives no deal value or specific share-price moves.

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