Globalstar shares are trading higher after the company announced it secured a 15 year FCC license extension to operate up to 26 replacement satellites.
Portfolio Pulse from Benzinga Newsdesk
Globalstar shares rose following the announcement of a 15-year FCC license extension to operate up to 26 replacement satellites.
August 19, 2024 | 3:09 pm
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Globalstar's stock price increased after the company received a 15-year FCC license extension, allowing it to operate up to 26 replacement satellites.
The extension of the FCC license is a significant regulatory approval that allows Globalstar to continue and expand its satellite operations. This positive development is likely to boost investor confidence, leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100