Eutelsat's stock took a nasty hit today, dropping 7% after word got out that SoftBank might be offloading its position. The satellite communications player, which competes head-to-head with Musk's Starlink in the global connectivity race, saw investors react swiftly to the stake-cutting rumors. SoftBank's potential exit signals shifting confidence in the European satellite operator's ability to keep pace with its American rival. Market watchers are now questioning whether this pullback reflects broader concerns about Eutelsat's competitive positioning as Starlink continues expanding its low-earth orbit constellation.