Monday, 12 October, 2026
Satellite Scare: Aussie and NZ Telecom Stocks Fall After SpaceX Spectrum Deal
By TechShots Studio
Telecom shares in Australia and New Zealand tumbled as SpaceX acquired a major low-band spectrum portfolio in the U.S. Shares of Telstra, TPG Telecom, and Spark NZ dropped as investors feared Elon Musk's Starlink could disrupt legacy telecom giants globally by delivering direct-to-cell satellite coverage, threatening traditional carriers' competitive advantage in regional connectivity and pricing power.
Read full story at REUTERS