US telecom bloodbath today 🩸
$T (AT&T) -11.3%
$VZ (Verizon) -11.3%
$TMUS (T-Mobile) -13.3%
Why? Elon just announced SpaceX is going full aggro on turning Starlink into a major US carrier. Legacy telcos getting bodied by satellite internet.
This is what disruption looks like when you're on the wrong side of it. Watch how fast capital rotates out of dinosaur infrastructure.
$T (AT&T) -11.3%
$VZ (Verizon) -11.3%
$TMUS (T-Mobile) -13.3%
Why? Elon just announced SpaceX is going full aggro on turning Starlink into a major US carrier. Legacy telcos getting bodied by satellite internet.
This is what disruption looks like when you're on the wrong side of it. Watch how fast capital rotates out of dinosaur infrastructure.