Apple  (AAPL) has hired two executives from Alphabet's  (GOOGL) satellite division, sources told Bloomberg, in the latest sign that the company is expanding its own satellite division. 

The two hires reportedly include John Fenwick, who headed Google's spacecraft operations, and Michael Trela, the company's head of satellite engineering. 

Elon Musk's Space Exploration Technologies startup estimates revenue of $30 billion from satelite internet by 2025.

Apple shares have risen nearly 23% year to date and have climbed 35% over the past 12 months. Today the stock was down 0.3% to $142 per share. 

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)

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