Two satellite dependent stocks have dropped significantly.

The price of shares in Life360 (LIF) dropped today and Garmin (GRMN) dropped in the past few days.

By startlingly large percentages!

Both companies report excellent operating results.

The technology sector exchange traded fund XLK is hugging its 20-day moving average, which is still trending upward.

So what is happening with those two satellite dependent stocks?

To drop by such large percentages on healthy financials makes me think that trouble is brewing beneath the surface regarding civilian access to satellite bandwidth.

Yet I haven't found specific news to support this theory. I'm looking for other publicly traded companies whose business model depends on access to satellite service.

Thank you for your attention to this matter.