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SpaceX said it will build terrestrial mobile infrastructure to complement its Starlink satellite network, sending shares of Verizon, AT&T and T-Mobile down as much as 4% in after-hours trading.
Verizon announced a $1 billion dark fiber deal with Google to connect AI data centers, unlocking high-margin revenue from existing network assets.
Verizon reported Q2 2026 revenue of $34.25 billion, missing the $36.18 billion consensus estimate by $1.93 billion.
Verizon Communications reported Q2 2026 earnings, gaining 184,000 net postpaid phone connections and beating Wall Street expectations, while revenue ticked down and profit fell on joint-venture costs.