---
symbol: "NOK"
name: "Nokia"
date: 2026-10-23
change_pct: 2.270064625036208
direction: "up"
event_type: "contract_deal"
url: "https://perplo.app/why/NOK/2026-10-23"
updated_at: 2026-10-23T23:06:54.396Z
---

# Why Nokia (NOK) rose 2.27% on October 23, 2026

Nokia (NOK) rose 2.27% on October 23, 2026 — Ukraine's Starlink-alternative deal lifts Nokia.

## What happened

Ukraine has partnered with Nokia and satellite maker ICEYE to build a Starlink alternative, pulling Nokia into a defense-communications project after SpaceX's Starlink service became a single point of dependence for…

## Why it moved

A government-backed role in a live wartime network gives Nokia a credible, high-profile reference for secure connectivity, which lifts the narrative that its network gear can win sovereign and defense orders beyond its…

## Why it matters

This sits inside the AI Optics & Interconnect theme, where Nokia is positioned as a supplier of the networking backbone that moves data for AI and sovereign infrastructure.

## What would break the thesis

If the Ukraine tie-up stays exploratory and no funded procurement follows, the narrative premium fades and the move reverses.

## Sources

- [In hunt for Starlink alternative, Ukraine partners with Nokia and satellite maker ICEYE](https://www.cnbc.com/2026/10/23/ukraine-partners-with-nokia-and-iceye-for-starlink-alternative.html) — CNBC

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