Why AT&T Stock Plunged on Friday

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AT&T’s Plunge: SpaceX Threat or Overblown Fear?

AT&T’s shares fell sharply on SpaceX’s plans to build a rival wireless network, but the fundamentals are still solid.

When SpaceX started talking about accessing 80,000 cell sites to build a wireless network, AT&T’s 8% drop makes sense on surface fear alone. But making a full-scale nationwide carrier is no small feat—it requires massive investment and years of building infrastructure. AT&T’s recent earnings beat, steady customer growth, and better free cash flow suggest it’s far from vulnerable. For South African investors, this is a good reminder that tech disruption often triggers knee-jerk market reactions. Look locally at MTN, which faces different challenges but also displays solid cash flow and subscriber gains, justifying a watchful stance rather than panic. Dollar weakness versus the rand might cushion local telcos amid global tech worries, but keep an eye on any sustained rand weakness, which could pressure costs. If you're betting on disruption, be ready for volatility and a long game. this is just our opinion and not financial advice