SpaceX’s reported 80,000-site network talks lift Crown Castle
SpaceX’s reported 80,000-site network talks lift Crown Castle 9% despite intraday fade
- Bloomberg reported Thursday evening SpaceX seeks access to at least 80,000 U.S. sites
- Crown Castle was specifically identified as a tower company involved in discussions
- Potential fourth nationwide carrier implies substantial new tower leasing demand
- CEO Chris Hillabrant had Wednesday confirmed talks with all potential parties
- Shares opened near $91.02, roughly 15.5% above Thursday’s $78.83 close
- Regular-hours selling reduced the gain, leaving shares 5.55% below the open
- The report described negotiations, not a finalized tower lease agreement
- American Tower also rallied, corroborating a tower-sector response to the report
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