Communications-services companies rose as concerns about competition from SpaceX subsided.
SpaceX announced 2027 mobile launch; market relief over delayed threat (>2 years out) lifted telecom carriers. CTO budget priorities for 5G/satellite shift to 2028+; telecom consolidation window stays open, reducing short-term disruption risk.
Communications-services companies rose as concerns about competition from SpaceX subsided.
Some major carriers sold off last week after SpaceX said it would launch mobile service in 2027, but analysts said any major competitive threat from Elon Musk's rocketry firm was likely more than two years off.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 10, 2026 17:36 ET (21:36 GMT)
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