↘️British American Tobacco (UK: BATS): The tobacco giant and maker of Dunhill cigarettes saw its London-listed shares drop more than 1% after it announced plans to cut 5,500 jobs and outsource a further 3,500 roles.
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The ARK Space Exploration & Innovation ETF (CBOE:ARKX) has become a popular parking spot for investors seeking space exposure without waiting for the SpaceX IPO. With Elon Musk’s rocket company reportedly headed toward a public listing at a valuation north of a trillion dollars, retail demand for a single ticker capturing the theme has surged. ARKX, with ... Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the telecommunication services industry, including Iridium (NASDAQ:IRDM) and its peers.
In June 2026, Iridium Communications announced that Mlink Technology began live on-air testing of its MS150-IR IoT-NTN chipset on Iridium NTN Direct, and separately launched the Iridium 9604 hybrid satellite/LTE-M/GNSS module and Development Kit for global IoT deployments. Together, these steps expand Iridium’s 3GPP-based IoT and chipset ecosystem, potentially making it easier for manufacturers and network operators to embed truly global satellite connectivity into everyday devices. Next,...
Iridium Communications (NasdaqGS:IRDM) announced that Mlink Technology's MS150-IR chipset has progressed to live, on-orbit testing using the Iridium NTN Direct service. The company also launched the Iridium 9604 module and Development Kit, aimed at supporting global multi-mode Internet of Things connectivity. Both announcements relate to Iridium's satellite powered IoT offering, including direct-to-device and hybrid satellite cellular solutions. Iridium Communications operates a global...
“You get what you pay for” often applies to expensive stocks with best-in-class business models and execution. While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.
Iridium launches the 9604 Hybrid IoT Module, blending satellite, LTE-M and GNSS connectivity in a compact design built for remote deployments.
GSAT is advancing its LEO network with the HIBLEO-4 replenishment mission to bolster satellite resilience and support reliable global connectivity.
GILT is seeing rising demand for mobile defense SATCOM solutions, driving new military orders, tech advances and a growing global pipeline.
We just covered Donald Trump Stock Portfolio: 10 Best AI and Tech Stock Picks in 2026. Iridium Communications (NASDAQ:IRDM) ranks #8 (see Donald Trump Stock Portfolio: 5 Best AI and Tech Stock Picks in 2026). The stocks identified in this article are based on Trump’s financial disclosure filings released by the U.S. Office of Government Ethics. […]
SATL is riding rising Earth observation demand, defense contract momentum and AI-first satellite technology as the stock extends its six-month surge.
LUNR expands lunar communications and navigation capabilities as demand grows for reliable infrastructure supporting future Moon missions.
Gilat's $157.5M deal for CMTL's Satellite & Space Communications unit could expand its defense reach, tech capabilities and market access.
Iridium Communications (NasdaqGS:IRDM) plans to acquire the remaining stake in Aireon, increasing its ownership in the air traffic surveillance company. The deal would shift Aireon from a partially owned asset to a fully controlled business within Iridium's broader satellite services portfolio. This planned transaction raises questions around financing, integration, and how Aireon will fit into Iridium's long term priorities. Iridium Communications operates a global satellite network that...
Shares of satellite communications provider Iridium fell 3.4% in the afternoon session after Cathie Wood's ARK Investment Management sold a significant stake in the company.
EchoStar’s SpaceX-linked upside remains a draw, but investors are now focused on whether AT&T spectrum proceeds arrive in time to ease the DISH DBS payment pressure.
ARK Investment Management sold shares in Teradyne, Twist Bioscience, Iridium Communications, and Robinhood Markets, among other companies.
SATS targets about $44.65B in transactions with AT&T and SpaceX to monetize spectrum, reduce debt and expand wireless offerings.
While Starlink soaks up every space headline, two publicly traded satellite operators have quietly turned niche networks into real businesses. I’ve been tracking these names for years, and the setup in 2026 is the most interesting it has ever been: one is being acquired by Amazon (NASDAQ:AMZN), the other is up triple digits year to ... Not SpaceX: The Forgotten Satellite Stocks Quietly Plugging Into the Future of Space That Are Investible Today
A number of stocks fell in the afternoon session after a stronger-than-expected May jobs report fueled concerns that the Federal Reserve will keep interest rates elevated.
Iridium Communications (IRDM) jumped 8.0% after Oppenheimer upgraded the stock, as analysts pointed to growing investor interest in satellite connectivity and a stronger view on the company’s position in the communications services sector. See our latest analysis for Iridium Communications. Beyond the upgrade, Iridium’s recent move comes on top of a 32.73% 1 month share price return and a 193.19% year to date share price return, while the 3 year total shareholder return is down 14.87%. This...
In early June 2026, Oppenheimer upgraded Iridium Communications to an Outperform rating, reflecting increased confidence in the satellite operator’s positioning within the communications services sector amid rising interest in satellite connectivity solutions. This reassessment comes as Iridium faces questions about its valuation and insider activity, highlighting a tension between analyst optimism on its technology footprint and concerns about how richly the shares are priced. We’ll now...
Investors weigh launch delays, execution risk, and a fresh downgrade as satellite-connectivity bets get stress-tested, today, May 29, 2026.
The commercial space sector has crossed into recurring commercial revenue at scale. SpaceX’s Starlink unit is now throwing off subscription cash flow at a scale that supports an IPO pipeline being shepherded by Bank of America as lead underwriter. Pure-play satellite operators are booking recurring service revenue rather than one-off launch fees. Even prime defense ... The Commercial Space Economy Just Crossed a Real Revenue Threshold and After Following This Industry for Years These Are the 3 E
A number of stocks jumped in the afternoon session after the Dow Jones Industrial Average climbed more than 300 points and briefly touched a fresh all-time high above 50,700 as market sentiment improved amid falling yields.