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- 1SpaceX's Wireless Ambitions Send Telecom Stocks Sliding●T, VZ, TMUS Stocks Drop After-Hours — SpaceX Targets Wireless Giants As COO Gwynne Shotwell Sees Room To Win ‘Their Customers’
Shares of AT&T, Verizon and T-Mobile fell in after-hours trading after SpaceX signaled plans to challenge the major US wireless carriers directly. SpaceX president and COO Gwynne Shotwell said the company sees an opportunity to win 'their customers,' raising concerns that its satellite-based connectivity ambitions could erode the telecom giants' subscriber bases.