Loft Orbital in BlackRock Innovation and Growth Term Trust Q2 2024

Advancing in Wireless Telecommunications

Apr 15, 2025

Summary

Revaluation of private holding boosted Trust's performance.
Operates in the wireless telecommunications services industry.
Risks include regulatory challenges and competitive pressures.
Positive outlook with increasing demand for satellite services.

Loft Orbital was featured in the BlackRock Innovation and Growth Term Trust's Q2 2024 commentary as a significant contributor to the Trust's performance. The company's revaluation upward in the wireless telecommunications services industry reflects its growing potential and demand for satellite services.

"Elsewhere in Communication services, returns were bolstered by stock selection in both the wireless telcom and media industries, as private holding Loft Orbital Solutions Inc. was revalued upward." — BlackRock Innovation and Growth Term Trust, Q2 2024 Fund Letter

Read full letter at gurufocus blackrock innovation and growth term trust q2 2024 commentary 2024 Q2 page.

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