Why SpaceX's spectrum move matters for SBA Communications Crown Castle's sharp move after the SpaceX spectrum deal has pushed wireless towers back into focus, and SBA Communications (SBAC) is part of that conversation for investors watching future tenant demand. SBA Communications has just logged a 7.34% 1 day share price return and a 15.14% 7 day share price return to US$182.49, a sharp move that comes after the SpaceX spectrum headlines. Yet the 1 year total shareholder return is down 1.03% and the 5 year total shareholder return is down 39.29%. This points to momentum picking up recently against a weaker long run record as investors reassess both growth prospects and risk in the tower space.
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