SpaceX Talks Send Cell Tower Stocks Surging
SpaceX Talks Send Cell Tower Stocks Surging
Kara GreenbergFri, October 23, 2026 at 1:57 PM UTC
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SpaceX has said it aims to make Starlink Mobile a major mobile carrier.Credit: Wolf von Dewitz / picture alliance via Getty ImagesKey Takeaways -
Crown Castle shares surged Friday after Bloomberg reported the company is discussing leases with SpaceX.
SpaceX is looking to secure thousands of cell sites in the U.S. to support its goal of making Starlink Mobile a major mobile carrier.
Shares of wireless carriers fell amid worries about growing competition.
Cell tower stocks are jumping after a report that SpaceX is in talks with providers to secure thousands of cell sites to support its mobile carrier ambitions.
Shares of Crown Castle (CCI), a leading provider of cell tower infrastructure, were up more than 13% in early trading, after a Bloomberg report that the company is discussing leases with SpaceX (SPCX). Shares of American Tower (AMT) also climbed.
SpaceX is looking to secure at least 80,000 cell sites across the U.S. as part of its goals to make Starlink Mobile a major mobile carrier, according to the report.
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SpaceX and Crown Castle did not respond to Investopedia’s requests for comment in time for publication.
Shares of mobile providers AT&T (T), Verizon (VZ), and T-Mobile (TMUS) were each down between 3% to 5% recently amid worries about competition.
SpaceX shares rose less than 1% after plunging 9% in yesterday’s tech sell-off.
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Source: “AOL Money”
