Historically, on October 15, telecom stocks have long been perceived by investors as secure havens, characterized by their steady growth trajectories, minimal downside risks, and attractive dividend payouts. Nevertheless, the encroachment of SpaceX into the sector, coupled with escalating U.S. Treasury yields, is now challenging this conventional investment rationale. Last week, SpaceX unveiled its acquisition of wireless spectrum, signaling its ambition to deliver mobile communication services directly via its Starlink satellites, potentially positioning itself as a formidable mobile operator. In the wake of this announcement, shares of Verizon Communications, AT&T, and T-Mobile US experienced a notable nosedive last Friday. John Conca, a telecom analyst at Third Bridge Group, commented that competitive threats are surfacing in an unprecedented fashion, and the market suspects this may merely be the tip of the iceberg.