AT&T’s stock is seeing its worst day in 8 months as the SpaceX threat comes into focus
AI Summary
AT&T's stock has plunged to its lowest point in eight months as analysts highlight the growing threat from SpaceX's satellite plans. Oppenheimer's warning about investors underestimating this risk has shaken the market. This shift in focus underscores the potential disruption SpaceX's satellite internet service could pose to traditional telecom giants like AT&T, impacting not just their revenue but the broader telecom industry's competitive landscape.
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