This week in connectivity belonged to SpaceX. The company priced the largest initial public offering in history on Thursday, valuing itself near $1.77 trillion on the strength of Starlink, and began trading on Nasdaq under the SPCX ticker on Friday. The debut acted like a tide for the whole sector: pure play satellite operators such as Iridium, Viasat, and EchoStar rallied on the IPO halo plus their own catalysts, while the big three U.S. carriers steadied and even rebounded after last week’s Starlink threat selloff. The connectivity hardware names told a different story, with Cisco and Ericsson both giving back ground as investors took profits on richly valued AI infrastructure plays. AST SpaceMobile and Globalstar, the two satellite names most tied to specific deals and launch timelines, consolidated rather than joining the rally.
Performance snapshot
Prices below reflect the latest available close near Friday, June 12, 2026. Because this report is compiled right at the closing bell (U.S. markets close at 3pm Central), several quotes are captured intraday or from the prior session and are labeled “approx” with their date. Weekly change compares to the prior Friday, June 5, 2026.
| Company (Ticker) | Latest price | Week change |
|---|---|---|
| US Carriers | ||
| AT&T (T) | $23.00 (approx, Jun 11) | up 1.0% (approx) |
| Verizon (VZ) | $47.86 (approx, Jun 12) | up 6.4% (approx) |
| T-Mobile (TMUS) | $189.10 | up 6.8% |
| Router & Equipment Makers | ||
| Ericsson (ERIC) | $12.14 (approx, Jun 11) | down 9.1% (approx) |
| Semtech (SMTC) | $157.27 (approx, Jun 11) | about flat (approx) |
| Digi International (DGII) | $69 (approx) | about flat (approx) |
| Netgear (NTGR) | $25.89 (approx) | about flat (approx) |
| Inseego (INSG) | $10.37 (approx, Jun 10) | down 8.6% (approx) |
| Cisco (CSCO) | $122.03 (approx, Jun 12) | down 5.9% (approx) |
| Plover Bay (1523.HK) | HK$8.52 (approx) | about flat (approx) |
| Satellite & Emerging | ||
| AST SpaceMobile (ASTS) | $92.06 (approx, Jun 8) | down 1.5% (approx) |
| Iridium (IRDM) | $50.80 (approx) | up 8.7% (approx) |
| Globalstar (GSAT) | $81.11 (approx) | down 1.9% (approx) |
| EchoStar / Dish (SATS) | $128.13 (approx) | up 3.1% (approx) |
| Viasat (VSAT) | $71.88 (approx) | up 6.7% (approx) |
Stories behind the moves
US Carriers. After a rough prior week, the carriers found their footing. Verizon and T-Mobile both climbed several percent as investors decided the SpaceX listing was a known risk rather than a fresh shock, and both leaned into network and AI messaging, with T-Mobile rolling out an AI driven network optimization feature and Verizon talking up AI efficiencies. AT&T was the laggard of the group, roughly flat, still digesting last week’s analyst downgrade that cited Starlink as a long term broadband threat, though it kept its product engine running with a new Unlimited Day Pass for iPad users. The satellite to device joint venture the three carriers floated last month remains the strategic backdrop to all of this.
Router and Equipment Makers. This was the soft corner of the board. Cisco slipped back from its 52 week high even as Morgan Stanley and Bank of America raised price targets, a classic case of profit taking after a long AI fueled run. Ericsson, the parent of Cradlepoint, was the week’s biggest decliner among the names we track, pulling back about 9% from an early June peak on broad sector rotation. Semtech, the parent of Sierra Wireless, held its ground near recent highs on continued IoT and LoRa momentum, while Digi International, Netgear, and Peplink’s listed parent Plover Bay were comparatively quiet. Inseego extended its slide, continuing the weakness it showed late last week.
Satellite and Emerging. The IPO lifted the group, but not evenly. Iridium led the gainers, up roughly 9% and helped by an analyst upgrade, while Viasat jumped on news tied to government and Lockheed Martin satellite work, and EchoStar bounced as the space trade broadened. AST SpaceMobile churned in the low 90s: Jeff Bezos signaled Blue Origin could resume New Glenn launches this year, easing some launch delay fears from the late May rocket explosion, but Barclays trimmed its price target to $60, keeping a lid on the shares. Globalstar drifted slightly lower, still anchored near the value implied by Amazon’s pending acquisition.
Starlink and Amazon Leo (news only). Starlink was the headline act through its parent. SpaceX priced its IPO at $135 per share, raising about $75 billion and reaching a valuation near $1.77 trillion, with Starlink’s roughly $11.4 billion in 2025 revenue and 10 million plus subscribers cited as the core of the story. Amazon Leo, the service formerly known as Project Kuiper, pressed ahead with its enterprise beta and a targeted mid 2026 commercial launch, claiming download speeds up to 1 Gbps, while Amazon’s pending $11.6 billion acquisition of Globalstar continues to add direct to device spectrum to its stack. The competitive gap between the two constellations is becoming the defining rivalry of the satellite broadband era.
5Gstore Take
The takeaway from SpaceX’s debut is that satellite connectivity has graduated from a speculative theme to a public market heavyweight, and that shift will keep pressure on terrestrial carriers to fold satellite into their roadmaps rather than treat it as a side project. For businesses, the practical move has not changed: the real value lands in the hardware that can blend cellular, wired, and satellite links and fail over cleanly when one path drops. Standardizing on flexible multi WAN routers today is the surest way to stay ready as direct to device services mature, instead of betting on a single carrier or constellation. If you want help mapping this to your fleet or a specific site, contact our team and we can walk through options, or browse current gear and deals at 5Gstore.com.
Brands we carry that are relevant to this week’s themes: Peplink, Cradlepoint, Sierra Wireless / Semtech, Inseego, Digi, Teltonika, and Katalyst.
FAQ
Why did satellite stocks rally this week?
The main driver was SpaceX’s record IPO, which valued the company near $1.77 trillion and lifted sentiment across the satellite group. Company specific news, including an Iridium upgrade and Viasat government contract activity, added to the move.
How big was the SpaceX IPO?
SpaceX priced shares at $135 and raised about $75 billion, making it the largest initial public offering on record, with Starlink cited as the central reason for the valuation. The stock trades on Nasdaq under the ticker SPCX.
Why did Cisco and Ericsson fall while the market rose?
Both had run up sharply on AI infrastructure optimism, so the pullback looks like profit taking rather than a change in fundamentals. Analysts actually raised price targets on Cisco during the week even as the stock cooled.
How does this affect the routers and gear 5Gstore sells?
A stronger satellite sector makes flexible, multi WAN routers and failover hardware more valuable, since businesses increasingly want equipment that can combine cellular, wired, and satellite links. For product fit, see a current industry source such as Reuters or reach out to us directly.
Are these prices exact?
They reflect the latest available quotes near Friday’s close. Items marked “approx” could not be tied to an exact closing print and should be treated as approximate.
This post is informational market commentary, not investment advice. Prices and weekly changes reflect the latest available quotes near the June 12, 2026 close and may be revised; figures marked “approx” are approximate. Always do your own research before making any investment decision.
About the Author
Michael Ginsberg is the founder of 5Gstore.com, a trusted source for cellular routers and failover networking solutions since 2005. With a background in software and networking dating back to 1988, he writes about cellular connectivity, IoT infrastructure, network security, and fleet management. Connect with Michael on LinkedIn or reach the 5Gstore team through our contact page.
