Will Israeli Gilat join Richard Branson? The stock is up 30% – global markets

The Israeli Satellite Company

Gilat
+ 19.25%

Base:2,415

opening:2,420

Tall:2,920

low:2,419

change:33,474,020

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Records a sharp rise today on Wall Street (Symbol: GILT) At a rate of 30%. From this, the company’s value rises to a value of more than $ 650 million. The sharp jump in the stock is due to three different developments, all of which are expected to benefit the company.

Wall Street tonight focuses on the assessment that Gilat, as a satellite company, will be part of an ETF that will include companies whose business is space business. We reported last week on this ETF from ARK Investment House. Although ARK did not specify which shares would be included in the certificate and at the time of publication of the US Securities and Exchange Commission’s application, most of the famous Wall Street companies involved in the space enjoyed a backlash, including Richard Branson’s VIRGIN company. As of Thursday, when it became known about the approval, several speculations arose, including Gilat.

ARK is one of the most popular ETF providers in the world. More specifically, ARK divides space exploration into four separate categories: airlines and satellite companies, satellite support companies, flight technology companies and space companies. The symbol will be ARKX.

In addition, the company announced two recent announcements of commercial agreements. It has signed a multi-million dollar follow-up contract, this time in Mexico, for the purpose of extending cellular coverage to two local operators.

This is a contract with AXESS for projects in the field of cellular transmission (CBH) in Mexico, for the purpose of expanding the network to two of the operators of the main cellular networks in Mexico. Gilat’s satellite satellite transmission solution will enable connectivity to hundreds of sites, in the first phase, and will support the bridging of the digital divide across Mexico.

She previously signed a contract with Globe Telecom, a company traded on the Philippine Stock Exchange: GLO, to provide management services and expand a multi-million dollar satellite transmission project, in favor of providing the company’s cellular services in the country and expanding its cellular coverage in the country. Globe is the largest cellular network operator in the Philippines.

The speculation that Gilat will enter a mutual fund with other big names has probably exposed her in the last three days to new investors on Wall Street. They must have witnessed the same news as the Israeli investors.