AT&T shares fell 8% on Friday after a Bloomberg report said SpaceX is in talks to access at least 80,000 cell sites across the U.S., raising fears of disruption to the wireless market. Starlink Mobile's monthly users rose 37% to more than 22 million, according to SpaceX's third-quarter earnings call, and the company recently acquired nationwide low-band spectrum licenses. The article notes that building a nationwide wireless carrier would be costly, likely reaching tens of billions of dollars, and would take time. Meanwhile, AT&T added 379,000 postpaid phone subscribers in the third quarter, revenue rose 5% to $32.3 billion, and full-year adjusted earnings guidance was raised to $2.40 per share. Free cash flow is expected to rise to over $21 billion in 2028, up from $18 billion this year.
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