From BigGo Finance · BigGo Finance · · 1m
SpaceX Targets 80,000 US Cell Towers
SpaceX aims to become fourth US wireless carrier by leasing 80,000 cell towers from Crown Castle and others.
In brief
SpaceX aims to become fourth US wireless carrier by leasing 80,000 cell towers from Crown Castle and others. SpaceX seeks 80,000 US cell towers to become a fourth nationwide wireless carrier after talks with Crown Castle. Originally reported by BigGo Finance.
SpaceX seeks US cell towers
SpaceX is negotiating with telecom infrastructure companies to gain access to at least 80,000 cell towers across the United States.
80,000 towers represent half US network
The 80,000 sites represent roughly half of the 158,500 cell towers in operation in the US last year.
Crown Castle in talks
Crown Castle CEO Christian Hillabrant said the company is in discussions with all relevant parties for lease agreements with SpaceX or Amazon.com.
Market reaction
Shares of AT&T, Verizon and T-Mobile fell 4.2% to 5% in after-hours trading following the report.
Investment required
TD Cowen estimates building a nationwide terrestrial network would cost more than $80 billion (about 12.5 trillion yen).
What matters most
SpaceX seeks 80,000 US cell towers to become a fourth nationwide wireless carrier after talks with Crown Castle.
