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Verizon posts worst day since 2002 as SpaceX U.S. network plans whack cell provider stocks

Networking equipment with connected cables, showcasing modern technology infrastructure.
Illustrative photo.Photo by Vladimir Srajber on Pexels

What happened

SpaceX announced the spectrum deal Thursday, as the company aims to push deeper into the telecom market through its Starlink service. SpaceX is a space company based in Hawthorne, founded in 2002.

Key facts

  • SpaceX โ€” announced: the spectrum deal Thursday, as the company aims to push deeper into the telecom market through its Starlink service

Sources & evidence