On October 9, SBA Communications Corp rose 7.88% in after-hours trading, trading at $183.48/share, with Turnover of $23.2785 million.

The move follows reports that SpaceX agreed to acquire nationwide low-band spectrum for approximately $8 billion in cash to expand Starlink direct-to-cell coverage. The transaction raises expectations that SpaceX may build terrestrial wireless networks, potentially creating new tenant demand for tower operators.

Bernstein analysts noted the acquisition increases the likelihood of SpaceX building ground-based communications infrastructure, which could bring new tenants and revenue streams to tower companies. Within the Telecom Tower REITs sector, American Tower gained 7.06%, and Crown Castle rose 11.71%.

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems and small cells, with a portfolio of more than 39,000 sites across the Americas, Africa and Asia, listed on NASDAQ under the symbol SBAC.

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