# If AT&T Inc. moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/at-t · Facet: ripple · Updated: 2026-09-24T04:08:56.564896+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, AT&T Inc. is directly linked to 3 companies (2 supply, 2 revenue, 1 investment relationships) and reaches 6 companies within two hops; the links are backed by 15 dated sources, 5 of them primary filings (as of 2026-09-24).

AT&T Inc. operates across U.S. 5G and fiber operator. It is +7.1% in 2026. The supply side (avg +77.2%) has moved harder than the stock (+7.1%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Corning (+77.2%) and the furthest behind is Toyota Motor Corporation (-10.8%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It buys Open RAN equipment from Ericsson and fiber solutions from Corning, while its EchoStar wholesale agreement and spectrum acquisition expand both network demand and capacity.

## Demand chain (leading)
- T1 EchoStar Corporation (https://valuechain.wiki/echostar.md)
- T2 SpaceX (https://valuechain.wiki/spacex.md)
- T3 Northrop Grumman (https://valuechain.wiki/northrop-grumman.md)
- T3 Sidus Space (https://valuechain.wiki/sidus-space.md)
- T3 Viasat (https://valuechain.wiki/viasat.md)
- T3 SES S.A. (https://valuechain.wiki/ses.md)
- T3 Eutelsat Group (https://valuechain.wiki/eutelsat.md)
- T3 Planet Labs (https://valuechain.wiki/planet-labs.md)
- T3 Globalstar (https://valuechain.wiki/globalstar.md)
- T3 Intuitive Machines (https://valuechain.wiki/intuitive-machines.md)
- T3 Iridium Communications (https://valuechain.wiki/iridium.md)
- T3 Satellogic (https://valuechain.wiki/satellogic.md)
- T3 Firefly Aerospace (https://valuechain.wiki/firefly-aerospace.md)
- T3 Deere & Company (https://valuechain.wiki/deere-company.md)
- T3 BlackSky Technology (https://valuechain.wiki/blacksky.md)
- T3 Royal Caribbean Cruises Ltd. (https://valuechain.wiki/royal-caribbean-group.md)
- T3 Carnival Corporation (https://valuechain.wiki/carnival.md)
- T1 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T2 Mazda Motor (https://valuechain.wiki/mazda-motor.md)

## Supply chain (benefiting)
- T1 Corning (https://valuechain.wiki/corning.md)
- T1 EchoStar Corporation (https://valuechain.wiki/echostar.md)
- T2 SpaceX (https://valuechain.wiki/spacex.md)
- T3 STMicroelectronics (https://valuechain.wiki/stmicroelectronics.md)
- T2 T-Mobile US, Inc. (https://valuechain.wiki/t-mobile-us.md)
- T3 Crown Castle (https://valuechain.wiki/crown-castle.md)
- T3 Apple (https://valuechain.wiki/apple.md)

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Full node: https://valuechain.wiki/at-t.md · JSON: https://valuechain.wiki/at-t.json