Citi Telecom Team Issues Buy Recommendation for American Tower Amid SpaceX Market Speculation

On October 23, 2026, Citi's telecom team issued a buy recommendation for American Tower Corporation (AMT) amid speculation regarding SpaceX's interest in leasing or acquiring cellular sites for a national wireless service. The analysts believe that potential lease agreements with SpaceX could create significant financial opportunities for tower operators, positioning American Tower favorably in the market.