Tower companies' stocks rise as SpaceX pursues wireless network deployment
CCI Crown Castle Inc
$78.83 +0.23%
View chart & analysis → - 1SpaceX aims for at least 80,000 US cell sites to build a nationwide wireless network.
- 2Crown Castle shares rose more than 6.5% overnight.
- 3American Tower shares rose more than 3% overnight.
So what's the key point?
SpaceX is planning to set up tens of thousands of base stations to create a communication network across the United States. As a result, the stock prices of related companies Crown Castle and American Tower have increased.
Source Stocktwits +2 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.