SPCX - SPACEX MOBILE PUSH HITS U.S. TELECOM STOCKS U.S. wireless stocks fell after SpaceX said it plans to build a full mobile network, aiming to compete with Verizon, AT&T and T-Mobile. Using spectrum acquired from EchoStar, SpaceX plans to combine Starlink's satellite network with terrestrial infrastructure to create a nationwide mobile service. The announcement overshadowed strong Q2 results, while SpaceX shares fell over 10% after earnings amid concerns over heavy capital spending.(*Walter Bloomberg)