Verizon Communications Inc

VZ: XNYS (USA)

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US Telecom: SpaceX Mobile Comments Should Be Taken With a Grain of Salt

Michael Hodel

Aug 5, 2026

Shares of US wireless carriers and tower firms traded lower after SpaceX claimed that it will use satellite dishes to build a wireless network capable of competing in the US wireless industry. SpaceX also claimed that it will launch 10 times as many V3 broadband satellites as V2.

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Verizon Communications Inc

US Telecom: SpaceX Mobile Comments Should Be Taken With a Grain of Salt

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