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via finance.yahoo.comBusiness & Companies

SpaceX seeks access to at least 80,000 US cell sites as tower owners rise

FROM THE WIRE · FINANCE.YAHOO.COM

SpaceX wants to be America's fourth phone carrier — tower owners are cashing in Elon Musk's SpaceX doesn't just want to beam the internet from space. It wants to sell you a phone plan, and the companies that own the cell towers are already cashing in. SpaceX (SPCX) is in talks…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralSpaceX's plan to become a fourth US phone carrier favors tower owners and weighs on the big telecom operators.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SpaceX is in talks for access to at least 80,000 US cell sites, according to Bloomberg.
  2. 02Crown Castle is up double digits Friday, with American Tower and SBA Communications close behind.
  3. 03AT&T and T-Mobile are sliding, and Verizon is lower too.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Crown Castle Inc.CCIStock86.33 USD+0.44%today +9.51%Positive American Tower CorporationAMTStock188.48 USD+1.09%today +3.81%Positive SBA Communications CorporationSBACStock183.25 USD-1.00%today +2.72%Positive T-Mobile US, Inc.TMUSStock149.46 USD-0.44%today -5.88%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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