Cantor sees opportunity around space stocks; Bullish start on Iridium, Planet Labs


Satellite and planet

units-poloskun

Shares of Iridium Communications (Nasdaq:Irdm) rose nearly 6% as Cantor initiated coverage on the satellite communications firm with an overweight, saying there is a significant improvement in “buy sentiment” around space stocks.

The brokerage, which also started the rating of the planet



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