American Tower shares surge on SpaceX frequency portfolio spending
AMT American Tower Corp
$182.24 +9.30%
View chart & analysis → - 1News reported that Space Exploration Technologies spent $8 billion on a high-quality radio spectrum portfolio.
- 2American Tower shares recorded a 9.30% change today.
- 3Shares of US and European cellular network leaders declined.
So what's the key point?
SpaceX spent $8 billion to purchase frequency rights needed for communications. Following this news, American Tower shares rose 9.30%.
Source The Motley Fool +1 · View original ↗
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