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Bloomberg: SpaceX plans to secure minimum of 80,000 U.S. cell sites, in talks with major cellular infrastructure company
What happened
SpaceX stock rose 1.5% Friday premarket after tanking 9% Thursday, following a Bloomberg report — citing people familiar with the matter — that the Musk-led company is looking 'to secure a minimum of 80,000 cell sites across the U.S., and it's in talks with at least one major cellular infrastructure company to reach that goal.' Bloomberg did not name the infrastructure company or the deal structure. The plan signals a major push into terrestrial wireless infrastructure, most plausibly an expansion of Starlink's direct-to-cell service.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- SPCX (SpaceX; growth optionality offsets Thursday's 9% drop; shares +1.5% premarket on the report)
- U.S. tower / cellular infrastructure REITs — American Tower, SBA Communications, Crown Castle (potential counterparties or competitors, depending on structure)
- Wireless carriers (a SpaceX terrestrial wireless push would be a new competitive factor)
- TSLA (linked via Musk's confirmed SpaceX-Tesla merger consideration)
Sources