SpaceX Targets 80,000 Cell Sites To Challenge Telecom Giants As Wall Street Weighs In

SpaceX Targets 80,000 Cell Sites To Challenge Telecom Giants As Wall Street Weighs In Elon Musk is accelerating plans to build a fourth major nationwide wireless carrier, with SpaceX seeking access to at least 80,000 US cell sites, according to Bloomberg News. The prospect of a new rival to AT&T, Verizon, and T-Mobile lifted tower stocks in premarket trading, while shares of those legacy carriers fell as traders continued to assess that new emerging competitive threat. The report stated that SpaceX is in talks with a number of tower companies, including Crown Castle, which, along with American Tower Corp. and Vertical Bridge Holdings, is among the largest owners of cellular towers. "You can assume that we're talking to...

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