Elon Musk Gets 'Very Big Deal' for SpaceX: Why AT&T, Verizon, T-Mobile Stocks are Falling
News from SpaceX has shares of AT&T, T-Mobile and Verizon trading lower. Here's why.
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News from SpaceX has shares of AT&T, T-Mobile and Verizon trading lower. Here's why.
Alphabet will pay SpaceX $920 million monthly for compute capacity in a deal potentially worth $29 billion over 32 months. However, the article warns investors that SpaceX's AI revenue lacks durability due to 90-day termination clauses, Alphabet's temporary 'bridging strategy' while building internal capacity, and the risk that current high pricing ($30-50 per watt) won't sustain once supply constraints ease. SpaceX must prove competitive advantages in a less constrained market.
Charter Communications stock plunged 27.3% in September due to rising long-term interest rates pressuring its $94 billion debt load, combined with an analyst downgrade citing competitive threats from SpaceX's Starlink satellite broadband service. While the stock appears cheap trading below its EBITDA, the company faces declining revenue and potential bankruptcy risk, making it a high-risk investment.