Verizon, AT&T and T-Mobile sell off on SpaceX U.S. network plans
Telecommunications stocks sold off on Friday after Elon Musk‘s SpaceX announced an agreement to purchase a nationwide spectrum portfolio, aiming to expand its Starlink internet into mobile service. Verizon was down roughly 7% on the news, and is pacing its worst day since 2002. Shares of T-Mobile were down 12% while AT&T fell around 10%….