# AT&T Stock Drops Amid SpaceX Fears

> AT&T stock falls as SpaceX mobile threat looms, but analysts say wait for dip.
- Title: AT&T Stock Drops Amid SpaceX Fears · The Motley Fool
- Summary: 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…
- Keywords: att, spacex, stock, space exploration technologies, wireless subscribers, spacex mobile market, att stock dip, finance, money, Drops, Fears, The Motley Fool
- Source: The Motley Fool — https://fool.com/investing/2026/10/23/att-stock-sinks-on-subscriber-and-spacex-worries-i
- Author: Geoffrey Seiler
- Published: 2026-10-23T16:23:00+00:00
- Read time: 1 min
- Topics: att, spacex, stock, space exploration technologies, wireless subscribers, spacex mobile market, att stock dip, finance, money
## 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.
## Key takeaway

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.