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However, pandemic-induced business disruptions are still impeding the SATCOM industry. Consequently, industry participants are not only concerned about technological advancement but also regulatory decisions, standards and protocols, capital financing, and consumer-oriented digital market dynamics.
Despite the concerns surrounding the SATCOM industry’s growth prospects, shares of Iridium Communications Inc. (NASDAQ:IRDM), Globalstar Inc . (GSAT), and AST SpaceMobile Inc. (ASTS) skyrocketed in price based on rumors that Apple, Inc.’s (NASDAQ:AAPL) recently launched iPhone 13 will be satellite compatible. However, mobile analysts and communication specialists eventually refuted the speculation, resulting in a trend reversal for these stocks. So, we think it could be wise to avoid these fundamentally weak SATCOM stocks.
