AT&T Shares Rebound as SpaceX Threat Stays Front and Center
AT&T shares rose 1.1% to $23.02 Friday, rebounding from this week’s selloff as Oppenheimer warned SpaceX’s Starlink could disrupt the $1.6 trillion U.S. communications industry, cutting AT&T’s rating and removing its $32 price target; investors now weigh steady fiber and cash returns against risks from Starlink’s June 12 Nasdaq debut at a $1.75 trillion valuation.