Verizon stock heads for worst day since 2002 as SpaceX U.S. network plans whack telcos

Source: cnbc October 9, 2026 · 09:26
Verizon stock heads for worst day since 2002 as SpaceX U.S. network plans whack telcos
Photo by Rafael Minguet Delgado · Pexels
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SpaceX announced the spectrum deal Thursday, as the company aims to push deeper into the telecom market through its Starlink service.
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The Consumer News and Business Channel (CNBC) is an American business news channel owned by Versant. The network broadcasts live business news and analysis programming during the morning, daytime business day, and early-evening hours, with the remaining hours filled by business-related documentaries and reality television programming, as well as occasional sports presentations from USA Sports. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and…

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