Shares of mobile phone service carriers fell in after-hours trading on Thursday after SpaceX (SPCX) announced it reached an agreement to acquire a nationwide low-band spectrum license portfolio. Verizon (VZ) stock fell nearly 7%, AT&T (T) stock dropped by nearly 8%, and T-Mobile (TMUS) stock declined by 7% as the announcement stoked concerns that Starlink would disrupt the wireless telecom space. SpaceX shares gained 3% in extended trading. (VZ ) Go deeper with AlphaSpace 46.35 +0.58 (+1.27%) At close: 4:00:02 PM EDT VZT TMUS SpaceX purchased a spectrum portfolio of up to 14 megahertz of paired spectrum in the 800 MHz band from Grain Management LLC, an investment firm specializing in digital infrastructure.
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