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SpaceX-related demand for cell-site capacity could raise leasing activity and utilization for AMT, historically a positive driver for tower REIT multiples; near-term upside may hinge on confirmation of SpaceX plans and broader capex cycles.
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SpaceX reportedly plans to secure thousands of cell sites, lifting appetite for tower REITs like AMT. If confirmed, the move could catalyze near-term gains for AMT amid sector optimism, though macro tech weakness and unrelated earnings news may limit upside in the near term.
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