SpaceX Negotiates to Lease 80,000 Base Station Sites to Build an Operator Network
SpaceX plans to secure at least 80,000 cellular tower sites in the U.S., negotiating leases with at least one major communications infrastructure company, including Crown Castle, to advance its plan for a fourth nationwide wireless carrier. Sources say the deal could be worth billions of dollars. Following the announcement, Crown Castle's stock rose as much as 10% in after-hours trading, while AT&T, Verizon, and T-Mobile each fell by about 5%.
SpaceX is in talks to lease 80,000 cell site locations to build an operator
SpaceX plans to secure at least 80,000 cellular base station sites in the United States and is negotiating leases with at least one major communications infrastructure company, such as Crown Castle, to advance its plan for a fourth nationwide wireless operator. According to people familiar with the matter, the deal could be worth billions of dollars.
Following the announcement, Crown Castle's stock rose as much as 10% in after-hours trading, while AT&T, Verizon, and T-Mobile each fell by about 5%. This month, SpaceX has already acquired low-band spectrum and received approval to launch 15,000 satellites for direct-to-cell connectivity.
Source: Bloomberg