A novel method nicknamed ELASTIC is proposed for the alignment of multiple-aperture telescopes, in particular segmented telescopes. It only needs the acquisition of two diversity images of an unresolved source, and is based on the computation of a modified, frequency-shifted, cross-spectrum. It provides a polychromatic large-range tip/tilt estimation with the existing hardware and an inexpensive noniterative unsupervised algorithm. Its performance is studied and optimized by means of simulations. They show that with 5000 photoelectrons/subaperture/frame and 1024×1024 pixel images, residues are within the capture range of interferometric phasing algorithms such as phase diversity. The closed-loop alignment of a 6-subaperture mirror provides an experimental demonstration of the effectiveness of the method.