🔴 XLC is trading 1.53% down on October 9, 2026, SpaceX spectrum acquisition heightens carrier competition concerns

XLC is trading at $110.36, down 1.53%, as SpaceX’s low-band spectrum acquisition heightened competition concerns around satellite-based mobile service.

• Reuters reported U.S. and European telecom stocks tumbled after the acquisition.
• XLC holds AT&T, Verizon, and T-Mobile; pressure on these carriers may weigh on the fund.
• Major U.S. indices were up, making broad-market weakness a less fitting explanation; FCC approval for SpaceX’s 15,000-satellite network adds to competition.