Spark shares fall after Elon Musk’s SpaceX spectrum deal rattles telcos

Spark shares fall after Elon Musk’s SpaceX spectrum deal rattles telcos

Chris KeallTechnology Editor/Senior Business Writer·NZ Herald·12 Oct, 2026 04:00 AM4 mins to read‌NZ Herald Afternoon Headlines | Monday, October 12, 2026. Act wants to cut disability benefits and the Green Party want to guarantee jobs for 16- to 24-year-olds. Video / NZ HeraldSpark’s share price has fallen after SpaceX rattled telco investors by buying up spectrum in the US that suits a cellular network, rather than satellites. On Friday (NZT), Elon Musk’s SpaceX said it had spent US$8 billion to buy a chunk of 800MHz spectrum via a private equity firm that

Original Source

Read the full article at Nzherald →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.