Verizon shares fall after report SpaceX in talks for 80,000 US cell sites
The gist
Verizon shares fell after Bloomberg reported SpaceX is negotiating access to at least 80,000 U.S. cell sites.
The report puts a well-funded new rival in play for the top US carrier.
How it unfolded
- Oct 20, 2026Verizon closed at $44.10, down 1.54%, while the S&P 500 gained 0.41%; shares had lost 6.86% over the past month.
- Oct 21, 2026Verizon traded at $43.12, down 3%, as AT&T fell 5% despite a Q3 beat and raised outlook and T-Mobile fell 3%.
- Oct 22, 2026Verizon closed up 3.76% ahead of third-quarter earnings, with analysts' average price target at $51.50.