American Tower Corp

AMT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Wireless Towers: EchoStar's Exit Isn't a Big Deal; The Market's Reaction Is Overdone

Michael Hodel

Sep 9, 2025

Shares of US tower firms American Tower, Crown Castle, and SBA Communications are under renewed pressure following EchoStar's announcement that it will sell spectrum to SpaceX. The three stocks are now down 8%-14% since EchoStar announced its first spectrum sale, to AT&T, two weeks ago.

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American Tower Corp

Wireless Towers: EchoStar's Exit Isn't a Big Deal; The Market's Reaction Is Overdone

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