Check out the companies making the biggest moves premarket: SpaceX — Shares were higher by 4% after Grain Management announced it reached an agreement with SpaceX to sell its nationwide 800 megahertz spectrum portfolio. The move that is expected bolster Starlink Mobile's capabilities. Telecom providers – SpaceX's spectrum announcement sent telecom companies lower in premarket trading Friday, as they potentially face increased competition. T-Mobile dropped 7%, AT & T fell almost 6%, and Verizon lost more than 5%. Meanwhile, tower stocks like American Tower and Crown Castle were higher by 6% and almost 8%, respectively. Delta Air Lines — The airline operator fell 4% after it reported weaker-than-expected earnings for the third quarter.
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