> I was asking myself if this could have any impact for ntpd which 
> use a GPS receiver as time source.

You wouldn't have to keep updating the leapseconds file, that's all.

> As GPS satellite are 
> geostationary,

Except for the FAA's WAAS, this is not true; the GPS satellites are all
in medium Earth orbit at 20,200km and have an orbital period of about
twelve hours.

> I guess they are affected with changes in earth 
> rotation. How does this affect the time used from the GPS signal?

GPS timekeeping has never used leap seconds. They use their own time
scale, GPS Time, which TAI-GPS=19 seconds. GPS satellites also transmit
the current UTC/GPS time offset.
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