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Stocks rebound but SpaceX fears spark telecommunications falls
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. European stocks rallied on Friday, as oil prices fell…
Stocks rebound but SpaceX fears spark telecommunications falls
European stocks rallied on Friday, as oil prices fell, despite weak telecommunications stocks as worries of competition from satellite-based mobile services sparked sharp falls. In London, the FTSE 100 index ended up 110.45 points, or 1.1%, at…
SpaceX's Wireless Move Trips Up Telecoms
This is an edition of the Markets P.M. newsletter, a recap of the day's most important markets moves, delivered after the closing bell. If you're not subscribed, sign up here. Stocks ended the week with a rally. After a sharp drop on Thursday, tech…
Tech, Media & Telecom Roundup: Market Talk
The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0629 GMT – Semiconductor companies are set to voice confidence during the upcoming earnings…
SpaceX: Spending Like A Telecom, Borrowing Like A Hyperscaler (NASDAQ:SPCX)
Deep Value Investing 14.77K Followers SpaceX reportedly agreed to pay $8 billion for Grain's 800 MHz spectrum. Grain paid T-Mobile $2.9 billion in cash plus 600 MHz licenses for those assets in August. In any case, AT&T, Verizon, and T-Mobile fell…
SpaceX spectrum deal to expand its Starlink network in the US sends telecom stocks tumbling
SpaceX stock is muscling in on US telecom territory and it's rattling the shares of top US communications giants on Friday. SpaceX jumped as much as 4%, riding a wave of bullishness following an announcement on Thursday that the company had reached…
SpaceX spectrum acquisition ripples through telecom stocks
SpaceX 's plan to compete with the major cell phone service providers is coming into sharper focus — and raising investor concerns about the threat it poses to traditional telecom companies. Why it matters: Elon Musk has designs on turning…
SpaceX takes major step toward offering cell service, putting big telecom on edge
Elon Musk's SpaceX is moving to get into the cell phone business — scooping up billions of dollars' worth of cellular spectrum licenses and putting traditional telecom giants on the defensive. Musk's company reached an $8 billion deal for…
Elon Musk Just Delivered Great News to SpaceX Investors and Bad News to Traditional Telecom Investors
Space Exploration Technologies Corp (SPCX +0.46%) recently announced plans to acquire a low-band spectrum portfolio that will better enable it to broadcast the internet through walls and other solid structures. SpaceX is acquiring the portfolio…
Shenandoah Telecommunications (NASDAQ:SHEN) Shares Down 4.9% - Time to Sell?
Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report)'s stock price traded down 4.9% on Friday. The company traded as low as $11.08 and last traded at $10.96. Approximately 11,894 shares changed hands during mid-day trading, a decline of…
Dear PM Ambani': Musk's latest swipe at Reliance, BJP
Elon Musk has intensified his public feud with Mukesh Ambani, sharing media reports alleging Reliance-funded firms boosted BJP campaigns and made substantial political donations, all while Starlink's India launch remains stalled. Elon Musk on…
Elon Musk intensifies attack on Ambani over Starlink India launch delay
As SpaceX struggles to launch Starlink in India, Elon Musk has stepped up his attack on billionaire Mukesh Ambani, mockingly calling him the country's “prime minister” to suggest he wields outsized control over its government and…
Eutelsat OneWeb Awaits Indian Government Approval for Satellite Broadband Services
Eutelsat OneWeb, backed by Bharti Enterprises, is actively seeking crucial approvals from the Indian government to launch its satellite communication services, a development closely watched amidst ongoing debates about market entry for global…
Elon Musk is escalating his beef with India's richest man. Here's why.
Elon Musk is picking a fight with India's richest man — again. In the past few days, Musk has been criticizing regulatory approval delays for Starlink's satellite-based internet in India, pointing the finger at 'certain oligarchs' who want…
Stock Market Today, Oct. 9: Verizon Slides on SpaceX Spectrum Deal and Scotiabank Target Cut
Premium Feature Moneyball Superscore Verizon Communications (VZ -8.75%), a wireless and broadband carrier, closed at $41.65, down 10.14%. Friday's slide followed a spectrum deal by Space Exploration Technologies Corporation (SPCX +1.25%), better…
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