Ashford Capital Management increased its stake in Vicor by 128,664 shares worth $10.94 million in Q4 2025, bringing its total position to $38.78 million (4.32% of assets). The investment comes as Vicor stock has surged 213% over the past year, driven by strong Q3 results showing 18.5% revenue growth and 57.5% gross margins. The fund's confidence suggests belief in structural demand for Vicor's high-performance power conversion technology in AI and data center infrastructure.

Ashford Capital Management sold 19,607 shares of Cavco Industries (CVCO) worth approximately $11.11 million in Q4 2025, reducing its position from 3.1% to 1.87% of fund assets. The sale appears to be a capital reallocation rather than a loss of conviction, as Cavco's fundamentals remain solid with Q3 revenue up 11.3% year-over-year, though the stock has underperformed the S&P 500 by 1.5 percentage points over the past year.

Globalstar stock fell 9.58% despite a price target hike to $71 from Clear Street the previous day. The decline was triggered by a Scotiabank note downgrading rival AST SpaceMobile, which highlighted the competitive disadvantage both companies face against SpaceX's Starlink. With Starlink launching 3,000+ satellites annually compared to Globalstar's two dozen, combined with SpaceX's brand recognition and upcoming $1.5 trillion IPO, analysts question whether Globalstar can compete effectively.

NextPlat Corp provides an update on its strategic progress across healthcare services, communications, and e-commerce channels, highlighting cost reduction efforts, new contracts, and technology investments aimed at driving growth and profitability.

Defense technology funding surged to $28 billion in 2025, with venture capital investment in autonomous systems and communications technologies more than doubling year-over-year, focusing on military-grade innovations across air, land, and sea domains.

Space sector saw significant activity with Planet Labs reporting strong Q2 revenue, EchoStar selling spectrum licenses to SpaceX for $17 billion, and UBS downgrading AST SpaceMobile.

Globalstar reported its highest annual revenue and best free-cash-flow year, but its stock is down 2% since the earnings announcement. Analysts are skeptical about the company's ability to sustain this level of free cash flow, leading to a negative sentiment on the stock.

T-Mobile has launched a new direct-to-cell satellite service in partnership with SpaceX's Starlink. This has led to a surge in the stock prices of competitors AST SpaceMobile and Globalstar, which are also planning to offer similar services.

AST SpaceMobile and Globalstar stocks fell sharply after news that Apple is partnering with SpaceX and T-Mobile to expand Starlink satellite internet service, which could compete with the companies' direct-to-cell satellite communication offerings.

Apple is investing $1.5 billion in Globalstar to bring more satellite services to iPhones, which could change the telecommunications industry.

Several mid-cap stocks, including Globalstar, V.F. Corp, and Madrigal Pharmaceuticals, were among the top gainers last week. The companies reported positive financial results and business updates, leading to the stock price increases.

SpaceX and T-Mobile plan to offer free emergency satellite-to-cell service, allowing cellphone users to connect in areas without cell tower coverage. This new service, called 'Starlink Direct to Cell', will leverage SpaceX's Starlink satellite network and could disrupt the existing satellite communication companies like Globalstar and AST SpaceMobile.