SpaceX’s Qualcomm deal could be a precursor to a telecom takeover
Published . Updated .
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The deal adds to what a BNP Paribas analyst called an “unprecedented” amount of news putting pressure on U.S. telecommunications operators.
Directly affected
- SPCX Space Exploration Technologies-12.0% 19d
Named in this report.
- QCOM Qualcomm-15.4% 30d
Named in this report.
Indirectly affected
- XLC Communication Services Select Sector SPDR-0.6% 13d
Communication Services Select Sector SPDR: it holds telecom companies. Linked by “telecom” (telecoms) in this story.
- T At&T-15.5% 30d
At&T (telephone communications (no radiotelephone)): telecoms move with network spending and rules. Linked by “telecom” (telecoms) in this story.
- VZ Verizon Communications-6.4% 30d
Verizon Communications (telephone communications (no radiotelephone)): telecoms move with network spending and rules. Linked by “telecom” (telecoms) in this story.
- TMUS T-Mobile US-6.8% 30d
T-Mobile US (radiotelephone communications): telecoms move with network spending and rules. Linked by “telecom” (telecoms) in this story.
- SPOT Spotify Technology S.A+13.5% 30d
Spotify Technology S.A (radio broadcasting stations): telecoms move with network spending and rules. Linked by “telecom” (telecoms) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SPCX | +2.74% | -4.71% | base | -3.87% | after close | after close | after close |
| QCOM | +11.27% | +0.19% | base | +5.64% | after close | after close | after close |
| XLC | +1.70% | -1.53% | base | +3.45% | after close | after close | after close |
| T | -3.15% | +0.16% | base | +2.06% | after close | after close | after close |
| VZ | -4.51% | -1.09% | base | +2.08% | after close | after close | after close |
| TMUS | -4.09% | +1.39% | base | +3.08% | after close | after close | after close |
| SPOT | -10.29% | -1.02% | base | +4.62% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
The deal adds to what a BNP Paribas analyst called an “unprecedented” amount of news putting pressure on U.S. telecommunications operators.
Source: MarketWatch
Price since this story was published: Select Sector Spdr Tr (XLC)
| Company | When | Move | Status |
|---|---|---|---|
| QCOM | that day | +5.64% | final price |
| QCOM | three days earlier | +0.19% | final price |
| QCOM | five days earlier | +11.27% | final price |
| SPCX | that day | -3.87% | final price |
| SPCX | three days earlier | -4.71% | final price |
| SPCX | five days earlier | +2.74% | final price |
| Spotify Technology S.A (SPOT) | that day | +4.62% | final price |
| Spotify Technology S.A (SPOT) | three days earlier | -1.02% | final price |
| Spotify Technology S.A (SPOT) | five days earlier | -10.29% | final price |
| At&T (T) | that day | +2.06% | final price |
| At&T (T) | three days earlier | +0.16% | final price |
| At&T (T) | five days earlier | -3.15% | final price |
| T-Mobile US (TMUS) | that day | +3.08% | final price |
| T-Mobile US (TMUS) | three days earlier | +1.39% | final price |
| T-Mobile US (TMUS) | five days earlier | -4.09% | final price |
| Verizon Communications (VZ) | that day | +2.08% | final price |
| Verizon Communications (VZ) | three days earlier | -1.09% | final price |
| Verizon Communications (VZ) | five days earlier | -4.51% | final price |
| Select Sector Spdr Tr (XLC) | that day | +3.45% | final price |
| Select Sector Spdr Tr (XLC) | three days earlier | -1.53% | final price |
| Select Sector Spdr Tr (XLC) | five days earlier | +1.70% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Space Exploration Technologies (SPCX), worth $1,001 - $15,000 on 24 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Space Exploration Technologies (SPCX), worth $1,001 - $15,000 on 12 Aug 2026. That is 84 days before publication. Filed 9 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Qualcomm (QCOM) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Qualcomm (QCOM) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Qualcomm (QCOM) (held by a spouse), worth $15,001 - $50,000 on 24 Aug 2026. That is 72 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. David J. Taylor bought At&T (T), worth $1,001 - $15,000 on 15 Oct 2026. That is 20 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. David J. Taylor bought At&T (T), worth $1,001 - $15,000 on 9 Oct 2026. That is 26 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Rohit Khanna bought At&T (T) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Verizon Communications (VZ) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Verizon Communications (VZ) (held by a spouse), worth $15,001 - $50,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Verizon Communications (VZ), worth $1,001 - $15,000 on 18 Sep 2026. That is 47 days before publication. Filed 12 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought T-Mobile US (TMUS), worth $15,001 - $50,000 on 28 Aug 2026. That is 68 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLC)
Companies mentioned with this story
- XLC Select Sector Spdr Tr
For “SpaceX’s Qualcomm deal could be a precursor to a telecom takeover,” Select Sector Spdr Tr (XLC) is linked, with no stored direction, medium confidence. Reason on file: Communication Services Select Sector SPDR: it holds telecom companies. Linked by “telecom” (telecoms) in this story
- T At&T
For “SpaceX’s Qualcomm deal could be a precursor to a telecom takeover,” At&T (T) is linked, with no stored direction, medium confidence. Reason on file: At&T (telephone communications (no radiotelephone)): telecoms move with network spending and rules. Linked by “telecom” (telecoms) in this story
- VZ Verizon Communications
Verizon Communications (VZ) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “SpaceX’s Qualcomm deal could be a precursor to a telecom takeover.” Reason on file: Verizon Communications (telephone communications (no radiotelephone)): telecoms move with network spending and rules. Linked by “telecom” (telecoms) in this story
- TMUS T-Mobile US
In “SpaceX’s Qualcomm deal could be a precursor to a telecom takeover,” T-Mobile US (TMUS) is linked, with no stored direction, medium confidence. Reason on file: T-Mobile US (radiotelephone communications): telecoms move with network spending and rules. Linked by “telecom” (telecoms) in this story
- SPOT Spotify Technology S.A
For “SpaceX’s Qualcomm deal could be a precursor to a telecom takeover,” Spotify Technology S.A (SPOT) is linked, with no stored direction, medium confidence. Reason on file: Spotify Technology S.A (radio broadcasting stations): telecoms move with network spending and rules. Linked by “telecom” (telecoms) in this story
Select Sector Spdr Tr (XLC)
“SpaceX’s Qualcomm deal could be a precursor to a telecom takeover” (4 Nov 2026) reaches Select Sector Spdr Tr (XLC) through this story.
The link for Select Sector Spdr Tr (XLC) is this: Communication Services Select Sector SPDR: it holds telecom companies. Linked by “telecom” (telecoms) in this story
At&T (T) is here too. Its reason reads: At&T (telephone communications (no radiotelephone)): telecoms move with network spending and rules. Linked by “telecom” (telecoms) in this story
The price range for Select Sector Spdr Tr (XLC), and the dates in the story
T traded between 20.52 and 24.96 across 20 sessions. The latest close on file is 21.40. VZ traded between 42.51 and 48.34 across 18 sessions. The latest close on file is 45.24. XLC traded between 109.66 and 115.60 across 11 sessions. The latest close on file is 111.62.
How strong the case is around Select Sector Spdr Tr (XLC)
40 out of 100
“SpaceX’s Qualcomm deal could be a precursor to a telecom takeover” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.