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Thursday 22 October 2026 00:01:59 GMT
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Elon Musk’s SpaceX may be looking beyond satellite connectivity—and toward a major ground-based mobile network. Bloomberg, citing people familiar with the matter, reported that SpaceX is in talks with U.S. cellular infrastructure companies to secure access to at least 80,000 cell sites. Potential agreements could advance its ambitions to build a fourth nationwide wireless carrier alongside AT&T, Verizon and T-Mobile. U.S. telecom shares fell following the report. At the time of Reuters’ October 23 market report, AT&T was down 5.6%, T-Mobile had lost 5% and Verizon was down 1.6%. Those figures reflect that report’s trading snapshot, not verified final closing moves. Tower companies moved in the opposite direction. Crown Castle, identified as one of the companies in talks with SpaceX, rose 11.6%. American Tower gained 4.9%, while SBA Communications added 4.6%, as investors anticipated potential demand for infrastructure leases. The reported talks follow SpaceX’s acquisition of low-band spectrum to advance its mobile-network plans. Starlink already generates revenue from satellite internet services, but becoming a full-scale rival to major wireless carriers would require a terrestrial network and years of work. Bernstein analysts said the competitive impact may still be years away, but successive spectrum and infrastructure moves could continue weighing on investor sentiment toward established carriers. SpaceX and the tower operators did not immediately respond to Reuters’ requests for comment. No agreement covering 80,000 sites has been publicly confirmed
Elon Musk’s SpaceX may be looking beyond satellite connectivity—and toward a major ground-based mobile network. Bloomberg, citing people familiar with the matter, reported that SpaceX is in talks with U.S. cellular infrastructure companies to secure access to at least 80,000 cell sites. Potential agreements could advance its ambitions to build a fourth nationwide wireless carrier alongside AT&T, Verizon and T-Mobile. U.S. telecom shares fell following the report. At the time of Reuters’ October 23 market report, AT&T was down 5.6%, T-Mobile had lost 5% and Verizon was down 1.6%. Those figures reflect that report’s trading snapshot, not verified final closing moves. Tower companies moved in the opposite direction. Crown Castle, identified as one of the companies in talks with SpaceX, rose 11.6%. American Tower gained 4.9%, while SBA Communications added 4.6%, as investors anticipated potential demand for infrastructure leases. The reported talks follow SpaceX’s acquisition of low-band spectrum to advance its mobile-network plans. Starlink already generates revenue from satellite internet services, but becoming a full-scale rival to major wireless carriers would require a terrestrial network and years of work. Bernstein analysts said the competitive impact may still be years away, but successive spectrum and infrastructure moves could continue weighing on investor sentiment toward established carriers. SpaceX and the tower operators did not immediately respond to Reuters’ requests for comment. No agreement covering 80,000 sites has been publicly confirmed

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