U.S. three major telecom giants see a collective plunge in their stock prices, as SpaceX's entry into the mobile communications market has triggered the shock.

For a long time, telecom stocks have been viewed by investors as relatively safe investment options, characterized by predictable growth, limited downside risks, and generous dividends. However, competition from SpaceX and rising U.S. Treasury yields are threatening this investment thesis. SpaceX (SPCX.O) announced last week that it has acquired a block of wireless spectrum, enabling it to directly provide mobile communication services via Starlink satellites. This could turn the Elon Musk-led a

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