Shares of broadband and telecommunications company Charter Communications (CHTR) rallied by more than 9% on June 29 after a report revealed that SpaceX (SPCX) may be considering a partnership with the company to offer a new mobile phone service. Additionally, while not directly related to Charter, the proposed split of Comcast (CMCSA) lent to wider optimism around broadband and telecommunications names.
Here's what's going on with Charter Communications stock amid the SpaceX partnership rumors.