American Tower is trading 7.06% up at $194.40 on October 23, after a report that SpaceX is seeking access to at least 80,000 U.S. cell sites for a wireless network.
- Bloomberg identified American Tower as one of the largest tower owners and reported discussions with Crown Castle.
- Tower stocks rose in premarket trading after the report.
- The news points to an industry-wide catalyst, not a confirmed American Tower agreement.