SpaceX Mobile Plans Trigger Towering Gains For These Stocks

Shares of cell tower operators rallied Friday on hopes that SpaceX’s wireless service will mean more business for them. SpaceX on Thursday announced plans to purchase up to 14 megahertz of spectrum from Grain Management, subject to regulatory approval. The aim is to support SpaceX’s Starlink launch of mobile phone service. Elon Musk’s space and satellite company also won regulatory…