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SpaceX Stock Premarket Today: SPCX Falls 4% Toward $138 After T-Mobile Snub
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
SpaceX shares fell 4.09% in premarket trading on Friday to $138.00, down $5.89 from Thursday’s close of $143.89. If the losses hold, the stock would post a third straight decline after slipping 2.25% on October 28 and 0.92% on October 29. Pressure has built since T-Mobile CEO Srini Gopalan said the carrier sees no room for a wholesale deal that would let SpaceX sell mobile plans over its network. That leaves SpaceX needing another partner or its own towers to launch a nationwide wireless service. Broader tech weakness is adding to the drop, with Nasdaq-100 futures down 2% after weak earnings from Amazon and Intel. SpaceX’s existing satellite partnership with T-Mobile remains active.
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