SpaceX seeks at least 80,000 cell sites to enter the U.S. wireless market
FROM THE WIRE · FINANCE.YAHOO.COM
SpaceX SPCX is taking another major step toward entering the U.S. wireless market. The Elon Musk-led company is seeking to secure at least 80,000 cell sites across the country and is reportedly negotiating with major cellular infrastructure providers to make it happen, according…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA possible new wireless carrier moves telecom and tower stocks in opposite directions.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01SpaceX is seeking at least 80,000 cell sites across the U.S., according to Bloomberg.
- 02The company is reportedly negotiating with major cellular infrastructure providers.
- 03AT&T, Verizon and T-Mobile shares fell around 2% to 3% in extended trading.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
AT&T Inc.21.48 USD-0.01%today -5.53%Negative Verizon Communications Inc.44.30 USD+0.93%today -1.99%Negative T-Mobile US, Inc.152.50 USD+0.36%today -3.96%Negative American Tower Corporation190.17 USD-1.14%today +4.74%Neutral Crown Castle Inc.86.25 USD-1.92%today +9.40%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets