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SpaceX considers purchasing 80,000 cell sites across the US

Investor's Business Daily +3 ·

T AT&T Inc
$22.74 +3.79%
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VZ +3.76% SPCX -9.14% TMUS +3.28% AMT +2.21% CCI +0.23%
  1. 1SpaceX is considering the acquisition of 80,000 cell sites across the United States.
  2. 2SpaceX's planned investment of approximately $30 billion regarding frequency allocation is a serious undertaking.
  3. 3Shares of AT&T, Verizon, and T-Mobile plummeted in pre-market trading.

So what's the key point?

SpaceX is preparing to buy 80,000 communication facilities located throughout the United States. Following this news, stock prices for telecommunications companies fell significantly.

Source Investor's Business Daily +3 · View original ↗

Related 3-line summaries

Tower companies' stocks rise as SpaceX pursues wireless network deployment Stocktwits +2 · 1h agoSpaceX in talks with infrastructure firms to secure 80,000 cell sites across the US Investing.com +3 · 9h agoTesla Unveils New Roadster Featuring SpaceX Technology DigiTimes · 13h ago
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