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Apple Stock Falls as SpaceX Jumps on $8 Billion Wireless Deal
GuruFocus ·
GuruFocus reports: Apple (AAPL) fell nearly 2% in premarket trading Friday, while SpaceX (SPCX) climbed about 5%. The contrasting moves reflected concerns over premium smartphone sales and growing interest in SpaceX's expansion into mobile connectivity, according to Friday reports and an Oct. 8 company statement. SpaceX agreed to purchase Grain Management's 800-megahertz spectrum portfolio in a deal valued at about $8 billion. The licenses could help Starlink Mobile connect devices in…