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Dow Jones futures rose 0.2% overnight, while S&P 500 futures added 0.25% and Nasdaq-100 futures gained 0.3%. SpaceX plans to buy wireless spectrum from Grain Management, pressuring Verizon, AT&T, T-Mobile US and AST SpaceMobile in after-hours trading.
SpaceX plans to purchase Grain Management’s 800 MHz spectrum portfolio in a move to bolster its mobile ambitions. The news is lifting cell-tower stocks.
Space Exploration Technologies plans to buy wireless spectrum from Grain Management, subject to regulatory approval. The news pushed Verizon, AT&T, T-Mobile US and AST SpaceMobile lower in after-hours trading.
Verizon Communications Inc (NYSE: VZ ) and AT&T Inc (NYSE: T ) shares are falling Monday. There are reports of new satellite connectivity headlines that could reshape the U.S. wireless market. Here’s what you should know. Verizon Communications shares are sliding. What’s pressuring VZ stock? Starlink Mobile Plans Press