FINWIRES · TerminalLIVE
FINWIRES

Amazon Seeks FCC Approval for Satellite Network to Link Phones From Space

By

Amazon.com's (AMZN) Leo subsidiary filed with the US Federal Communications Commission to launch and operate a new constellation of up to 5,105 satellites designed to connect compatible mobile devices directly from space.

The network would provide voice, data, messaging, and emergency services in areas without cell coverage with satellite deployment beginning in 2028, Amazon said Monday in a statement.

The satellites will link directly to mobile devices using designated radio frequencies, while separate high-capacity links will connect the satellites to Amazon's ground stations.

Amazon Leo said the system will operate alongside its existing broadband satellites, and Globalstar's (GSAT) HIBLEO and C-3 constellations.

Price: $231.55, Change: $-0.56, Percent Change: -0.24%

Related Articles

Wire

Top Cryptocurrencies Fall; Bitcoin Holds Above $64,000

Top cryptocurrencies fell Friday, with Bitcoin (BTC-USD) down but still holding above $64,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 1.1% in the past 24 hours. The Nasdaq 100 lost 1.2%, the S&P 500 declined 0.1%, and the Dow Jones Industrial Average was up 0.4%.Bitcoin fell 0.9% to $64,146, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 11.3% to $26.39 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dropped 0.5% to $1,861.XRP (XRP-USD) lost 1.3%, BNB (BNB-USD) fell 0.2%, and Solana (SOL-USD) declined 2.1%. Dogecoin (DOGE-USD) rose 0.2%, and Cardano (ADA-USD) decreased 3.2%.The US 10-year Treasury yield stood at 5.184% at 3 p.m. ET Friday, down from 5.204% Thursday, while the five-year yield fell to 4.424% from 4.457%.The total market value of the cryptocurrency industry fell 0.9% in the past 24 hours to $2.19 trillion, with trading volume gaining 6.2% to $62.77 billion.Price: $64135.20, Change: $-912.67, Percent Change: -1.40%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Wire

Rexford Industrial Realty Shares Rise After Q2 Beat

Rexford Industrial Realty's (REXR) shares were up 7.7% in Friday trading after the company late Thursday reported Q2 core funds from operations and revenue that exceeded market expectations.The company reported Q2 core funds from operations of $0.63 per diluted share, up from $0.59 a year earlier.Analysts polled by FactSet expected $0.60.Total revenue for the quarter ended June 30 fell to $245.5 million from $249.5 million a year earlier.Analysts expected $240.2 million.The company now expects its full-year core FFO per share to be $2.38 to $2.43, compared with the previous guidance of $2.37 to $2.42. Analysts expect $2.41.Price: $38.75, Change: $+2.77, Percent Change: +7.68%

$REXR
Wire

Update: Safety Insurance Agrees to $1.54 Billion Acquisition by Mapfre; Shares Surge

(Updates with the company's latest stock move in the headline and in the first paragraph.)Safety Insurance (SAFT) shares were up 41.6% in Friday trading after the company said late Thursday it entered an agreement to be acquired by an affiliate of Mapfre in a $1.54 billion all-cash deal.Safety stockholders will receive $105 for each share of the company they own, it said.The deal is expected to be completed in Q1 2027, subject to closing conditions and regulatory approvals, the company said.Price: $103.27, Change: $+30.33, Percent Change: +41.58%

$SAFT