This telecommunications giant could lose ground to SpaceX's Starlink, Wells Fargo says

This telecommunications giant could lose ground to SpaceX's Starlink, Wells Fargo says

AT&T is poised to see its shares sink as SpaceX's Starlink and other upstarts disrupt its business, according to Wells Fargo.

AT&T Stock Up Against Starlink Ahead of Earnings

NEW YORK, July 8, 2026, 17:01 (EDT) AT&T Inc. shares didn’t move much late Wednesday after Wells Fargo started coverage with a bearish view, adding pressure to a telecom stock facing questions about SpaceX’s Starlink plans. AT&T traded at $21.12 lately, off just under 0.1%. Verizon edged down 0.3%. T-Mobile dropped 2.5%. The moves hit…