🔴 Verizon Communications is trading 4.1% down in pre-market after report SpaceX seeks U.S. cell-site access

Verizon Communications is trading 4.1% down at $43.37 after a report that SpaceX is seeking access to at least 80,000 U.S. cell sites.

• Reuters reported Verizon, AT&T, and T-Mobile shares fell between 4.2% and 5% in extended trading after the news.
• The report points to a potential new nationwide wireless competitor; other major U.S. carriers also fell in pre-market.
• Verizon’s third-quarter results are scheduled for October 26, leaving investors awaiting further company guidance.