Crown Castle (CCI) stock is up today after a report that SpaceX is in talks with the cell tower owner as it works toward a fourth nationwide wireless carrier. SpaceX wants access to at least 80,000 US cell sites, and the deals could be worth billions, according to the report.
As of 11:37 AM ET, Crown Castle was up 11.7% at $88.05, while the S&P 500 was down 0.2%.
Crown Castle owns, operates and leases about 40,000 US cell towers
Asked on the October 21 earnings call about satellite companies such as SpaceX, CEO Chris Hillabrant said “you can assume that we’re talking to all parties” and declined to discuss specific customers
Third-quarter adjusted funds from operations of $1.24 a share topped the $1.20 analysts expected, and the company raised its 2026 adjusted EBITDA outlook by $25 million
American Tower and SBA Communications are both up about 5%, while AT&T, Verizon and T-Mobile are down
SpaceX hasn’t confirmed the talks. For tower owners, a fourth carrier would be a big new tenant. For the three big carriers, it would be a new rival in SpaceX, which went public in June.
More stock moves are on our stocks page.
Nothing is signed yet, but SpaceX could become Crown Castle’s next big tenant.
Get charts like this every morning. Join 200K+ investors on our free morning briefing. Get high-conviction stock ideas in your inbox. Upgrade to Best Ideas Club.
