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Eutelsat shares rose 18% this week after Starshield limits in Ukraine drew criticism from officials. The French operator, with over 600 satellites in orbit, is viewed as Europe's primary alternative to SpaceX.

Harvard's endowment grew 27.1% in fiscal 2026 to nearly $68 billion. • $2.2 billion SpaceX stake was its largest holding • Outperformed the S&P 500's 22.3% return by 4.8 points • Strongest result since 2021

SpaceX's satellite network expansion reportedly triggered share declines at AT&T, Verizon and T-Mobile as investors weigh direct competition in broadband. The moves reflect mounting pressure on legacy carriers from lower-cost orbital alternatives.

Verizon stock heads for its worst day since 2002 as SpaceX U.S. network plans hit telcos.