AT&T Shares Decline Amid Reports of SpaceX's Potential Entry into Wireless Market

AT&T's stock price has declined as reports emerge of SpaceX negotiating with cellular infrastructure providers to create a terrestrial wireless network, potentially making it a fourth national wireless carrier. SpaceX aims to lease or acquire around 80,000 cell sites across the U.S. to enhance its Starlink internet services. The news has raised concerns about increased competition for major carriers, including AT&T.