Global Stock News

Plans to Connect 80,000 Base Stations, Can Stock Price Reclaim the $155 20-Day Moving Average?

Plans to Connect 80,000 Base Stations, Can Stock Price Reclaim the $155 20-Day Moving Average?

TradingKey – On Friday (October 23) Eastern Time, SpaceX (SPCX) rose more than 2% in pre-market trading to around $148. This follows a Bloomberg report that the company is seeking access to at least 80,000 cellular sites in the U.S., aiming to integrate Starlink satellites, wireless spectrum, and ground base stations into a nationwide mobile communications network.

According to people familiar with the matter, SpaceX is in talks with at least one major communications infrastructure enterprise, with potential partners including major U.S. tower operator Crown Castle. Crown Castle, along with American Tower and Vertical Bridge, ranks among the major owners of cellular base station assets in the United States. A potential deal could involve…

Source link

Share this article

Scroll to Top