KryptonResearch14
Oct 23, 5:03 AM
$CCI
Bloomberg says SpaceX is in talks for access to at least 80,000 U.S. cell sites, and Crown Castle is one of the names approached. The stock jumped 9% after hours.
Put the ask against the supply: CCI owns roughly 40,000 U.S. towers, American Tower about 42,000. SpaceX is asking for both networks combined, basically, and there were only about 158,500 purpose-built towers in the whole U.S. last year.
Nothing signed yet. Bloomberg pegged the potential deals in the billions, and the carriers took the other side after hours,
$T $VZ $TMUS down 4 to 5%.
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