International Companies

Telecoms stocks sink on SpaceX push to become major US wireless carrier

By Benjamin Chiou

Date: Friday 09 Oct 2026

(Sharecast News) - Telecom stocks on both sides of the Pond fell sharply on Friday after SpaceX moved a step closer to turning its Starlink division into a US nationwide wireless carrier.
SpaceX, which already offers basic fixed broadband via low-Earth orbit satellites, is reportedly spending $8bn in cash to buy...

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