AFTER THE BELL — THE AIRWAVES YOU SOLD ARE COMING FOR YOUR CUSTOMERS

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode! Friday, October 9 Bell and Watson proved two-way voice communication could work in 1876. Making it a business required a network. A century and a half later, SpaceX's Thursday-evening agreement to buy Grain Management's 800 MHz spectrum set up Friday's sharp split: wireless carriers plunged while tower landlords rallied. Boujie examines whether a new mobile entrant will rent traditional towers, deploy smaller rooftop cells or combine the two. Crown Castle's reliance on the three national carriers, its coming AT&T lease renewals, and Dish Wireless's disputed lease claims put the risk behind the tower rally into perspective. Also: Friday's stock rebound, Moderna's rise, Humana's Medicare Advantage ratings, Delta's earnings and fuel pressure, consumer sentiment, and the week ahead. Selected sources: Grain Management October 8 announcement; FCC October 6 order; SpaceX October update; Crown Castle Q2 2026 supplement; American Tower FY2025 10-K; Crown Castle January 2026 Dish termination; Reuters October 9 market reporting; Delta September-quarter release. Made by AI. Don't trust it. Final editorial pass: includes the FCC satellite-service spectrum-leasing waiver and the potential consequences for carrier bargaining power.