Why AT&T Stock Tumbled Today
SpaceX is buying spectrum, and AT&T investors are nervous.
Overview
Elon Musk's Space Exploration Technologies (NASDAQ:SPCX) announced a landmark deal to buy spectrum for satellite communications services yesterday, and AT&T (NYSE:T) investors aren't happy about the news.
Not one little bit. AT&T stock is down 6.8% as of 10:35 a.m. ET.
Satellite beaming message to Earth. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.