Crown Castle Shares Surge 9% Following SpaceX Report

Crown Castle shares rose more than 9% on Friday, closing at $85.97. The real estate investment trust, which specializes in United States communications infrastructure, saw its stock price increase by $7.14 during the session.

Trading volume for the company was more than three times its one-month average. The surge followed a report involving Space Exploration Technologies Corp., although the specific details of that report were not disclosed.