SpaceX wants access to at least 80,000 US cell towers to build a 4th national wireless carrier, per Bloomberg

$SpaceX(SPCX.US) is in talks with at least one major tower owner, including $Crown Castle(CCI.US), and the deals could be worth billions of dollars

Tower stocks ripped after hours. $Crown Castle(CCI.US) is up 9.7%, $SBA Communications(SBAC.US) 7.1% and $American Tower(AMT.US) 4.6%, per Yahoo Finance data

The carriers went the other way. $AT & T(T.US)-Mobile US(TMUS.US) is down 4.3%, $Verizon(VZ.US) 3.6% and $AT & T(T.US) 3.3%

SpaceX recently bought low-band spectrum and has FCC approval for 15,000 direct-to-phone satellites. Musk said on this week's earnings call that Starlink Mobile is on a path to become a major US carrier

Pairing satellites with ground towers is how SpaceX gets real indoor coverage, and that is a direct threat to the big three. Tower owners win either way because they rent space to everyone, which is why the market is paying them first and asking questions later

Source: StockMarket.News