From CNBC: 2025-02-11 13:31:18

Globalstar, a satellite communications company, moved to the Nasdaq after delisting from the NYSE. CEO Paul Jacobs cited the low stock price as the reason for the move. The stock rose over 10% on its first day. Globalstar recently signed deals worth billions with Apple and MDA Space to expand services and satellite technology.

Jacobs, also the vice chairman of the NBA’s Sacramento Kings, highlighted the NBA’s rising valuations and investment opportunities. He mentioned missed opportunities, like passing on Luka Doncic, who later joined the Lakers. Jacobs expressed confidence in the NBA’s future and its appeal to investors and fans.



Read more at CNBC: Why satellite company listed on Nasdaq