Charter jumps after report of talks with SpaceX for phone partnership
29/06/2026 13:00
BUZZ-Charter jumps after report of talks with SpaceX for phone partnership Updates prices
** Internet provider Charter Communications' CHTR.O shares rise ~20% to $160.10 premarket
** Co discusses mobile phone partnership in U.S. with SpaceX SPCX.O, Bloomberg reported on Friday
** SpaceX already offers direct-to-cell service with T-Mobile TMUS.O in U.S., CHTR could route some of that phone traffic, report said
** Six of 25 brokerages rate stock "buy" or higher, 13 "hold", six "sell" or higher; their median PT is $225 - LSEG-compiled data
** Up to last close, stock is down ~40% YTD vs a 2.6% drop in the S&P 500 communication services index .SPLRCS
(Reporting by Sudeshna Ghoshal in Bengaluru)