Space and satellite stocks are booming as speculation grows that the next version of the iPhone will be equipped to handle mobile communications on a space-based basis, making calls beyond the reach of cellular networks.
News outlet Macromers reported Sunday that Ming Chi, an analyst at TF International Securities, known for tapping contacts in Asian supply chains for insights into egg products, believes the iPhone 13 is a Qualcomm chip. Will use which supports the low orbit of the earth. Satellite communications
Apple (Tucker: AAPL) was not immediately available for comment. But investors are taking it seriously.
(GSAT), which Macroms article says is more likely to work with Apple in terms of technology and service coverage, saw a 44% increase in early trade on Monday.
(IRDM) shares rose about 9%. They both operate more than 100 satellites in low Earth orbit, or LEO.
AST Space Mobile.
(ASTS), which is building a tower of small, low-cost LEO satellites to offer mobile communications infrastructure, gained about 77%. Of
Meanwhile, 0.4% and
Dow Jones Industrial Average
“Providing satellite connectivity to smartphones has been a sacred stone that has never been fulfilled,” William Blair analyst Louis de Palma wrote in Sunday’s report. Space-based communication, at this point, requires large devices. For example, SpaceX has at least 100,000 users of its own space-based Internet service, but the system requires relatively large terminal hardware to connect to the web.
Iridium operates about 66 66 LEO satellites, while Globalstar has about 48.
“If Apple /
/ Iridium estimates iPhone users can call without using their cellular carrier as a theory, “de Palma wrote. ۔ ”
De Palma rated Iridium at Outform, which is equal to Blair, but does not have a stock price target. It does not cover global star stocks.
Apple (AAPL) stocks rose 2.2 percent, while Qualcomm (QCOM) rose 1.6 percent as investors weighed in on the complex implications of space-based mobile communications infrastructure.
Investors in existing cellular providers, and the infrastructure they use, do not look upset. Shares
(T) were up 0.1%. Its business will not necessarily be affected by technology as it can license licensed cell phone towers that are effectively space-based. In stock
(AMT), a real estate investment trust that owns cell phone towers, gained 1.4 percent.
Launch services companies.
Rocket Lab USA
(ASTR), which could benefit if more companies want to place satellites in space, were 3 and 19 down, respectively. An Astra test flight failed to reach orbit on Saturday, reminding investors of the risks facing companies.
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