SpaceX's next Starlink move could squeeze AT&T, Verizon — and even Apple and Samsung

SpaceX's stock rose 4% to $166.89 after acquiring nationwide low-band spectrum, positioning Starlink as a direct wireless competitor. Verizon and AT&T each fell 7%. The deal expands Starlink's mobile ambitions, potentially pressuring carriers' customer bases over time.

Alignment Healthcare (ALHC) shares dropped 24.2% to $6.60 in pre-market trading after its largest California contract was downgraded to 3.5 stars, making it ineligible for bonus payments. Several other stocks also fell, including Entera Bio (ENTX), AT&T (T), Verizon (VZ), and RenX Enterprises (RENX).

SpaceX agreed to buy $8 billion in low-band spectrum from Grain Management, sparking a selloff in telecom stocks like AT&T, Verizon, and T-Mobile. The acquisition may expand SpaceX's Starlink services beyond satellite broadband, increasing competition in wireless communications.

SpaceX agreed to buy 800 MHz spectrum from Grain Management, aiming to expand Starlink Mobile's reach. The deal, pending FCC approval, includes 14 MHz of paired spectrum. SpaceX says this will help Starlink compete as a major U.S. mobile carrier. Shares of AT&T, Verizon, and T-Mobile fell in after-hours trading.

Shares of Verizon (VZ), AT&T (T), and T-Mobile (TMUS) fell in premarket trading after SpaceX acquired a spectrum portfolio, raising competition concerns. SpaceX plans to target existing wireless customers. The three carriers recently formed a joint venture to expand satellite coverage. Pre-market declines: TMUS -7.59%, T -6.31%, VZ -5.53%.

Verizon (VZ) shares fell 5.4% to $43.20 in premarket trading after SpaceX (SPCX) announced an $8 billion deal to acquire wireless spectrum, raising competition concerns. The acquisition could expand Starlink Mobile's network. Verizon's decline was also partly due to its ex-dividend date. AT&T (T) and T-Mobile (TMUS) also saw declines.