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flag Globalstar partners with SpaceX for satellite launch to expand telecom services, boosting stock.

flag Globalstar has signed a deal with SpaceX for a satellite launch next year, aiming to boost its telecommunications services. flag The company’s stock rose by 5.4% after announcing the agreement, which involves launching satellites built by MDA. flag This move follows an initial deployment scheduled for later this year and is part of Globalstar's plan to enhance its existing satellite network.

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