SpaceX Cell Tower Lease — Tower REITs Surge
Bloomberg reported SpaceX is in talks to lease 80,000+ US cell sites to launch a 4th national carrier, sending tower REIT stocks sharply higher. SpaceX also filed plans to triple its Kennedy Space Center footprint for Starship test infrastructure.
What we know
An account on X broke down Friday's biggest movers: $CCI surged +11.3%, $AMT +4.9%, and $SBAC +4.3% all on the SpaceX cell site lease report. Another account on X RTs Simon Dixon noting SpaceX is negotiating access to ~80,000 US cell sites (roughly half of America's towers) on the same day Musk reportedly invested $1B in Skydance media. Another account on X separately reports SpaceX plans to lease 400 more acres at Kennedy Space Center — more than tripling its current 167 acres — covering a Starship test stand for static fire tests. Another account on X adds that the GOP is pushing for oversight of Musk's growing space dominance.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.