Verizon Communications (VZ)

The LEO satellite company's cellular constellation is rapidly expanding.

Today, June 29, 2026, investors welcomed relief in risk assets as U.S.-Iran tensions cooled ahead of a key summit.

Today, June 29, 2026, index fund rebalancing and new joint venture put fresh pressure on Verizon shares.

What Happened? Shares of telecommunications giant Verizon (NYSE:VZ) fell 5.3% in the afternoon session after it was officially removed from the Dow Jones Ind...

What Happened? Shares of online advertising giant Alphabet (NASDAQ:GOOGL) jumped 5% in the afternoon session after the company's shares officially debuted in...

Verizon fell amid multiple industry headlines and was also booted from the Dow Industrial Average.

Verizon Communications Inc (NYSE: VZ) and AT&T Inc (NYSE: T) shares are falling Monday. There are reports of new satellite connectivity headlines that could reshape the U.S. wireless market.

The Nasdaq briefly went flat mid-morning after a Supreme Court ruling, then recovered to a 1.3% gain by late morning. Brand-new Dow member Alphabet lifted every major index.

Alphabet (NASDAQ: GOOG) stock climbed nearly 2% on Monday as the Google parent officially replaced Verizon in the price-weighted Dow Jones Industrial Average.

SpaceX charges most of its customers $102 million per rocket launch. It charges Starlink $0.

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This marks the 54th time since the Dow's inception more than 130 years ago that companies have been added or removed from the index.

GOOGL has pulled back 15% from its all-time high of $408.61, but strong Google Cloud growth, a forward P/E of 24, and Dow inclusion on June 29 support the bull case.

Altimetry Research values SpaceX at $1.3 to $1.5 trillion and sees balanced risk, while favoring ASML, Northrop Grumman, and GE Vernova as cleaner plays on AI and space infrastructure.

With just 30 components, the Dow's exclusivity is built on industry leadership, which SpaceX has in spades.

SpaceX could be taking aim at the $1.6 trillion U.S. communications industry.

One index gained 1% this week. Another lost 4%. Microsoft and Micron explain most of the difference.

An analyst says SpaceX could acquire T-Mobile to expand Starlink Mobile and compete with Verizon and AT&T in wireless services.