BUZZ-US mobile base station operators' share prices soar after SpaceX acquires spectrum
路透社2026/10/09 14:36On Friday, after SpaceX's SPCX.O completed a nationwide acquisition of low-frequency spectrum, shares of U.S. mobile tower operators surged, enabling Elon Musk's Starlink Mobile to challenge traditional wireless giants. Crown Castle (CCI.N) jumped 11.2% to $76.61, on track for its largest single-day gain since March 2020. American Tower (AMT.N) rose 7% to $178.34, poised for its biggest increase in two years, while SBA Communications (SBAC.O) climbed 6.2% to $180.58. Tower stocks rallied as investors bet SPCX’s ambitions in wireless service could drive new demand for terrestrial infrastructure, leading to sharp declines in the shares of telecom giants AT&T (T.N), Verizon (VZ.N), and T-Mobile US (TMUS.O). JPMorgan said the deal was “incrementally positive” for tower operators, noting it could require deploying towers, rooftop sites, and small cells, while broader urban competition would call for a significant boost in terrestrial infrastructure and spectrum. Amid these developments, CCI is down about 14% year-to-date, SBAC is down roughly 6.5%, and AMT is up nearly 2% in 2026. By comparison, the S&P 500 Real Estate Investment Trusts Index (.SPLRCREC) has gained about 6% so far this year.
October 9 - ** On Friday, after SpaceX’s SPCX.O completed a nationwide low-band spectrum acquisition (link), shares of US mobile tower operators soared, enabling Elon Musk’s Starlink Mobile to challenge traditional wireless communication giants.
** Crown Castle CCI.N shares surged 11.2% to $76.61, poised for their largest single-day gain since March 2020.
** American Tower AMT.N shares rose 7% to $178.34, close to its biggest gain in two years; SBA Communications SBAC.O climbed 6.2% to $180.58.
** Communications tower stocks soared as investors bet that SPCX’s wireless ambitions could drive heightened demand for ground infrastructure. Meanwhile, this news hit the share prices of (link) and US telecom giants AT&T T.N, Verizon VZ.N, and T-Mobile US TMUS.O.
** Morgan Stanley said the deal is “incrementally positive” for tower operators, noting it might require the deployment of cell towers, rooftop sites, and small cells, with broader urban competition needing a significant increase in ground infrastructure and spectrum.
** As a result, CCI is down about 14% so far this year, SBAC is down about 6.5%, while AMT is up nearly 2% in 2026. By comparison, the S&P 500 Real Estate Investment Trust Index .SPLRCREC has gained about 6% this year.
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