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Viasat Inc (NASDAQ:VSAT) shares are climbing Thursday. The stock is participating in a massive sector-wide rally.
The Nasdaq is down 0.29% while the S&P 500 has shed 0.23%.
SpaceX IPO Buzz Lifts Sentiment
The move follows reports that SpaceX filed for a confidential initial public offering. The company may target a June debut at a $1.75 trillion valuation. This news sparked expectations of fresh capital inflows across the space economy.
M&A Chatter Adds Momentum
Additional upside stems from deal speculation involving Globalstar Inc (NYSE:GSAT). Reports suggest the company is in acquisition talks with Amazon.com Inc
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