The post Stock Market Today: Telecom Shares Slide As SpaceX Eyes Mobile Network Entry appeared first on Coinpedia Fintech News
Shares of AT&T, Verizon and T-Mobile each fell about 5% before Friday’s open after a report said SpaceX is talking to cellular infrastructure firms about starting a nationwide mobile carrier. Tower owners moved the other way, with Crown Castle up 10.5% and American Tower up 7.3%, while SpaceX gained 2%. Broader futures pointed lower after …