SpaceX’s Spectrum Purchase Exposes Risks for Big Telecom Stocks

(Bloomberg) -- Telecom stocks have long been considered a relatively safe bet for investors, offering predictable growth, limited downside and healthy dividends. But a combination of competition from SpaceX and rising Treasury yields is threatening to upend that equation. Most Read from Bloomberg CoreWeave's Big Dream Crashes Into Reality as Yields Top 15% Stocks Fall on Inflation Woes as Chip Rout Deepens: Markets Wrap China's Backdoor Bond-Buying Talk Swirls on $600 Billion Buildup CoreWeave's Bonds Turn Distressed, Drawing 'Yikes' From Musk Anduril in Talks to Sell Insider Shares at Roughly $90 Billion Valuation Space Exploration Technologies Corp.