SpaceX Meeting Lifts 4iG to Record on Bets for Satellite Deals
The 4iG Nyrt headquarters in Budapest, Hungary.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Shares in Hungary’s 4iG Nyrt. jumped to a record high on bets the telecommunications company could be preparing a business deal with Elon Musk’s Space Exploration Technologies Corp.
The stock surged 17% on Wednesday — the biggest daily advance since 2019 — after Chairman Gellert Jaszai said in a post on LinkedIn that he discussed collaboration and partnership “opportunities” with Tim Hughes, Senior Vice President for Global Business and Government Affairs at SpaceX, during a meeting in Washington.