SpaceX spectrum acquisition prompts rally in cell-tower operators

On October 9, SBAC was up 5.54% at $179.42 at publication, alongside gains in American Tower and Crown Castle. SpaceX announced October 8 an agreement to acquire Grain Management’s nationwide 800 MHz spectrum portfolio; terms were undisclosed. The article said SpaceX could lease tower space, but had not committed to a nationwide ground-network rollout.