Verizon, AT&T Bonds Weaken on SpaceX’s Wireless-Service Plans

Markets Bonds Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Zahra Tayeb October 9, 2026 at 2:34 PM UTC Takeaways by Bloomberg AI Bonds issued by Verizon Communications Inc. and AT&T Inc. weakened on Friday, following SpaceX ’s announcement that it will buy US spectrum that will help the company become a “ major mobile carrier ” in the US. Verizon’s 6.05% note due in 2058 widened 22 basis points to 220 basis points as of 10:30 a.m. in New York, according to Trace data. If that level holds, it would be a record spread for the security — which was issued in May . AT&T’s bonds were wider by as much as six basis points in lighter trading than Verizon’s debt. The firms’ shares also sold off Friday.