Stock Movers Closing Bell: SBA Communications Jumps, Tesla Slides, Blue Owl Lower,
Apr 2, 2026
Markets roar and wobble as tower-operator takeover chatter sparks a near-19% intraday surge. A satellite acquisition rumor lifts one stock while drone deliveries expand into new neighborhoods. An EV giant reports weak sales and slides sharply. A private-credit firm caps redemptions after a flood of withdrawal requests. Airlines skid and bond traders brace for a jobs report.
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SBA Communications Sale Interest Spurs Big Rally
- SBA Communications jumped ~19% after Bloomberg reported it is exploring options, including a potential sale, after preliminary takeover interest from large infrastructure funds.
- Scarlet Fu noted the company's enterprise value is about $34 billion including debt, making any deal sizable and complex.
Globalstar Rally On Amazon Talks
- Globalstar rallied ~13% after the Financial Times reported Amazon is in talks to acquire the satellite provider to bolster its satellite efforts.
- Scarlet Fu explained Globalstar operates older, higher-orbit satellites focusing on phone connectivity in low-coverage areas.
DoorDash Expands Drone Service In Charlotte
- DoorDash expanded drone deliveries in Charlotte, doubling flights and adding Matthews and Indian Trail to reach over 60,000 households.
- Scarlet Fu cited an Axios report showing DoorDash and partner Wing scaling localized drone operations as a growth signal.