Stars lining up for Newsat

Newsat jumped this morning on an update on its project to launch its satellite.

Newsat (NWT) rocketed to a four-month high this morning after it took a big step forward in its plan to become the first Australian company to launch its own satellite.

Management said it has completed the financing documents for its Jabiru-1 satellite with a number of parties, including the US and French governments.

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