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T-Mobile shares fall to 52-week low after SpaceX spectrum deal news
MarketBeat Ratings says the sell-off followed satellite disruption fears, despite what it characterizes as strong earnings, cash flow, and a Raymond James upgrade.
MarketBeat Ratings said T-Mobile US shares dropped to a new 52-week low after news that SpaceX agreed to acquire a portfolio of mobile spectrum licenses, fueling fears that low-earth orbit satellite networks could eventually disrupt established cellular services.
The outlet attributed the sharp sell-off to sentiment-driven concerns rather than fundamentals, pointing to strong earnings and cash flow, and citing a Raymond James upgrade as support for the idea that the drop may be overstated.
MarketBeat Ratings also framed the move as a potential mispricing, arguing that differences between satellite and terrestrial network capabilities mean the immediate headlines do not necessarily indicate the end of ground-based cellular networks.