As AT&T, Verizon and T-Mobile shares fall, Wall Street assesses the growing SpaceX threat

RIGHT SO PICTURE THIS IT IS LIKE WHEN YOU ORDER A PIZZA AND THE DELIVERY DRIVER IS LATE BUT THEN YOU FIND OUT THE PIZZA PLACE MIGHT JUST VANISH ENTIRELY BECAUSE TELECOM STOCKS ARE TANKING LIKE WE HAVE NOT SEEN IN TEN YEARS AND IT IS BECAUSE OF SPACEX WHICH IS WILD BECAUSE NOW EVERYONE IS FREAKING OUT ABOUT THE MARKET COMPETITION AND THE BIG DOGS LIKE AT&T AND VERIZON AND T-MOBILE ARE TAKING A MASSIVE HIT TO THEIR SHARES AND THE WHOLE STREET IS TRYING TO FIGURE OUT IF SPACEX IS ACTUALLY GOING TO EAT THEIR LUNCH OR WHAT BUT NOBODY SEES TO HAVE ALL THE ANSWERS YET OTHER THAN THE NUMBERS ARE LOOKING ROUGH AND IT IS A TOTAL DISASTER FOR INVESTORS WATCHING THEIR PORTFOLIOS BLEED OUT IN REAL TIME ANYWAY WHOSE ROUND IS IT?

SO BASICALLY THINK OF THE ENTIRE TELECOM INDUSTRY AS A GUY TRYING TO HOLD ONTO A STICKY DANCE FLOOR WHILE SPACEX SWEEPS THE RUG OUT FROM UNDER THEM BECAUSE THESE STOCKS ARE ABSOLUTELY PLUMMETING AND WE ARE TALKING ABOUT THE BIGGEST DAILY DROPS FOR AT&T AND VERIZON AND T-MOBILE IN OVER A DECADE WHICH IS JUST INSANE TO WATCH HAPPEN AT ONCE AND WALL STREET IS SCRAMBLING TO ASSESS IF THIS IS A REAL THREAT OR JUST A TEMPORARY VIBE CHECK AND HONESTLY THE REPORT JUST SAYS THE STOCKS ARE FALLING BECAUSE OF THE GROWING SPACEX THREAT BUT IT DOES NOT GIVE US THE SPECIFICS OF HOW THEY PLAN TO PULL IT OFF SO WE ARE ALL JUST STANDING HERE WATCHING THE NUMBERS CRASH OK SOMEBODY ELSE TALK, MY THROAT HURTS.

Shares for major telecom companies AT&T, Verizon, and T-Mobile dropped significantly due to concerns about competition from SpaceX.

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