SpaceX's $28 Billion Spectrum Deals May Not Be Enough: Expert Sees Another $130 Billion to Rival T-Mobile
SpaceX may need another $130 billion to rival T-Mobile, telecom expert William Webb says, despite nearly $28 billion in spectrum deals.
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SpaceX may need another $130 billion to rival T-Mobile, telecom expert William Webb says, despite nearly $28 billion in spectrum deals.
American Tower (AMT) beat Q3 earnings expectations with AFFO per share of $2.87 vs. consensus of $2.84, driven by strong 17.4% data center revenue growth. Despite DISH-related churn pressuring U.S. results, international markets and CoreSite's performance supported overall growth. The company raised its 2026 AFFO guidance and property revenue outlook, maintaining financial flexibility with $10.6 billion in liquidity.
T-Mobile is down 14.5% since SpaceX's 800 MHz spectrum deal, but William Webb says investors are overstating the threat.
SpaceX's reported plans to secure 80,000 U.S. cell sites as it pursues becoming a fourth nationwide wireless carrier sent tower company stocks soaring while major wireless carriers plunged. However, the article cautions that the market may be overreacting to a deal that hasn't been finalized, noting SpaceX would start from scratch with no customers, less spectrum than competitors, and a commercial launch not expected until late 2027.
Crown Castle is reportedly in discussions with SpaceX regarding the potential lease or acquisition of a significant number of its U.S. cell sites.
TD Cowen has increased its price target for Crown Castle Inc. to $98 from $92.