Globalstar Chairman and CEO Jay Monroe rings the opening bell at the New York Stock Exchange, April 21, 2014. Brendan McDermid | Reuters Shares of Globalstar jumped more than 15% in extended trading on Wednesday after the Financial Times reported Amazon is in talks to acquire the satellite communications company, citing people familiar with the…
A screen displays the Firefly Aerospace logo during the company’s IPO at the Nasdaq MarketSite in New York City, U.S., August 7, 2025. Jeenah Moon | Reuters Space stocks soared Wednesday following a report that Elon Musk’s SpaceX could file to go public as soon as this week. Satellite designer AST SpaceMobile and Rocket Lab…
Europe’s Ariane 6 rocket takes off, in Kourou, French Guiana, July 9, 2024. European Space Agency ESA | Via Reuters A new layer of critical infrastructure is emerging above our heads. Low Earth Orbit (LEO) — which NASA defines as the stretch of space at an altitude of 2,000 km or less — is rapidly evolving from…
Monday brings the first trading day of March on Wall Street, after the S & P 500 lost roughly 1% in February and remained only modestly positive year to date. The U.S.-Israeli attack on Iran over the weekend figures to ripple through financial markets in the week ahead. It was already going to be a…
Elon Musk attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2026. Denis Balibouse | Reuters Microsoft on Tuesday announced a collaboration with SpaceX‘s Starlink satellite internet service to expand connectivity across the world. It’s a sign of the software company’s willingness to collaborate with Tesla CEO Elon Musk‘s family…
AST SpaceMobile on Wednesday announced a deal with Verizon to provide cellular service from space beginning next year. This deal aims to bring direct-to-service connection via space to cell phone users “when needed” on Verizon plans, according to AST. It marks an expansion of a partnership between the two companies announced last year. AST shares…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: Stocks were still trading in the red Monday afternoon despite President Donald Trump announcing the China tariff deadline is being extended another 90 days….
