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Mudrick Capital Management L.P. decreased its holdings in Globalstar, Inc. (NYSE:GSAT – Free Report) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 41,478,297 shares of the company’s stock after selling 2,440,121 shares during the period. Globalstar makes up about 18.0% of Mudrick Capital Management L.P.’s […]
Apple's satellite connectivity will no longer just be exclusive to the Emergency SOS function.
AT&T and satellite company AST SpaceMobile announced a partnership to provide satellite cellular service directly from satellites to cellphones. This will provide a service that is much needed for the billions of remote users who are not in the range of a cell tower. This is an emerging industry that is still being referred to by different acronyms.
SpaceX and T-Mobile are set to launch their highly anticipated direct-to-cell service this fall.
Dramatic reductions in the cost of creating and placing a satellite in orbit are upending the world of large satellite operators