BUZZ-US mobile base station operators' share prices soar after SpaceX acquires spectrum
路透社2026/10/09 14:36On Friday, after SpaceX's SPCX.O completed a nationwide acquisition of low-frequency spectrum, shares of U.S. mobile tower operators surged, enabling Elon Musk's Starlink Mobile to challenge traditional wireless giants. Crown Castle (CCI.N) jumped 11.2% to $76.61, on track for its largest single-day gain since March 2020. American Tower (AMT.N) rose 7% to $178.34, poised for its biggest increase in two years, while SBA Communications (SBAC.O) climbed 6.2% to $180.58. Tower stocks rallied as investors bet SPCX’s ambitions in wireless service could drive new demand for terrestrial infrastructure, leading to sharp declines in the shares of telecom giants AT&T (T.N), Verizon (VZ.N), and T-Mobile US (TMUS.O). JPMorgan said the deal was “incrementally positive” for tower operators, noting it could require deploying towers, rooftop sites, and small cells, while broader urban competition would call for a significant boost in terrestrial infrastructure and spectrum. Amid these developments, CCI is down about 14% year-to-date, SBAC is down roughly 6.5%, and AMT is up nearly 2% in 2026. By comparison, the S&P 500 Real Estate Investment Trusts Index (.SPLRCREC) has gained about 6% so far this year.
October 9 - ** On Friday, after SpaceX’s SPCX.O completed a nationwide low-band spectrum acquisition (link), shares of US mobile tower operators soared, enabling Elon Musk’s Starlink Mobile to challenge traditional wireless communication giants.
** Crown Castle CCI.N shares surged 11.2% to $76.61, poised for their largest single-day gain since March 2020.
** American Tower AMT.N shares rose 7% to $178.34, close to its biggest gain in two years; SBA Communications SBAC.O climbed 6.2% to $180.58.
** Communications tower stocks soared as investors bet that SPCX’s wireless ambitions could drive heightened demand for ground infrastructure. Meanwhile, this news hit the share prices of (link) and US telecom giants AT&T T.N, Verizon VZ.N, and T-Mobile US TMUS.O.
** Morgan Stanley said the deal is “incrementally positive” for tower operators, noting it might require the deployment of cell towers, rooftop sites, and small cells, with broader urban competition needing a significant increase in ground infrastructure and spectrum.
** As a result, CCI is down about 14% so far this year, SBAC is down about 6.5%, while AMT is up nearly 2% in 2026. By comparison, the S&P 500 Real Estate Investment Trust Index .SPLRCREC has gained about 6% this year.
(To facilitate non-native English speakers, Reuters has automated the translation of its reports into several other languages. Because automated translation may be inaccurate or lack the necessary context, Reuters does not guarantee the accuracy of the translated text, and it is provided solely for readers’ convenience. Reuters accepts no responsibility for any damage or loss caused as a result of using the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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BUZZ - Broker Perspectives: Analysts Express Doubts Over Starbucks and Chipotle Acquisition
Latest Update October 9 – The Financial Times reported on Thursday that Starbucks (SBUX.O) has explored a potential acquisition of Chipotle (CMG.N). This move would bring CEO Brian Niccol back to the Mexican burrito chain he once led. Starbucks declined to comment, saying the company remains "fully focused" on its business turnaround. Chipotle's stock fell about 4% to $31.32 on Friday, after surging 6.2% in the previous trading session. Limited strategic rationale BTIG expressed "high skepticism," stating that the deal does not make sense operationally, would cause significant dilution for Starbucks shareholders, and would disrupt management operations. "Over the years we've heard many stories about multi-brand acquisitions... but few have materialized, and even fewer have succeeded," BTIG noted. William Blair pointed out that Starbucks’ $9.4 billion net debt as of June makes it difficult to finance an acquisition and could push the combined company’s leverage ratio to about six times—considered high for the restaurant industry. D.A. Davidson stated the probability of the deal succeeding is 20% or less, given the significant differences between the brands and the apparent lack of clear synergies. Raymond James noted that due to the low overlap in menus, supply chain benefits are likely limited, while performance among multi-brand restaurant platforms has been mixed. eMarketer’s Suzy Davidkhanian commented that Niccol's familiarity may reduce execution risk, but investors might still see the deal as a "costly distraction" during Starbucks’ transformation. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Automated translation may be inaccurate or fail to include necessary context; Reuters does not guarantee the accuracy of automated translated text and provides it solely for readers’ convenience. Reuters accepts no responsibility for any damage or loss resulting from the use of automated translation functions.)
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