🔴 T-Mobile is trading 7% down in pre-market as SpaceX spectrum deal raises carrier competition

T-Mobile is trading 6.69% down at $159.84 in pre-market, following SpaceX’s spectrum agreement and FCC approval for 15,000 Starlink Mobile satellites, which raise the prospect of a more direct challenge to U.S. wireless carriers.

• Reuters reported carriers fell around 6% in extended trading after the spectrum deal.
• The move appears sector-specific rather than unique to T-Mobile.