SpaceX Confirms Plans to Enter U.S. Telecom Market, Sending Verizon and AT&T Shares Lower
SpaceX confirmed plans to enter the U.S. mobile telecom market, pressuring Verizon and AT&T shares as investors weighed a new competitive threat.
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Verizon
Verizon Communications Inc. is an American telecommunications company providing wireless service, fiber broadband, fixed wireless access, enterprise connectivity, and managed network services. Its consumer and business operations are supported by nationwide mobile infrastructure and an expanding fiber network.