From The Motley Fool · Geoffrey Seiler · · 1m
AT&T Stock Drops Amid SpaceX Fears
AT&T stock falls as SpaceX mobile threat looms, but analysts say wait for dip.
In brief
AT&T stock falls as SpaceX mobile threat looms, but analysts say wait for dip. AT&T stock dropped 5.83% to $21.42 after SpaceX's potential U.S. mobile market entry worries, though analysts suggest waiting for a dip below $19 before buying. Originally reported by The Motley Fool.
AT&T stock performance
AT&T stock dropped 5.83% to $21.42 on October 23, 2026, after a strong start to 2026.
SpaceX mobile threat concerns
AT&T CEO John Stankey said SpaceX's low earth orbit satellites won't replace wireless networks but will take years to match performance levels.
Subscriber additions
AT&T added 379,000 postpaid wireless phone customers and 442,000 fiber subscribers in the quarter.
Financial results
Total revenue climbed 5.3% to $32.3 billion, with adjusted EPS jumping 20% to $0.65.
Future outlook
AT&T raised 2026 adjusted EPS to $2.40 and expects $6 billion in free cash flow this quarter.
Investor advice
Analysts suggest waiting for AT&T stock to fall below $19 before buying, as SpaceX's mobile threat is overdone.
The big picture
AT&T stock dropped 5.83% to $21.42 after SpaceX's potential U.S. mobile market entry worries, though analysts suggest waiting for a dip below $19 before buying.
