There are two separate things in play here.
The first is a simple matter of physics -- under high acceleration, the GPS receiver loses track of the satellite signal because of doppler shift. The uBlox chips that many of us sell in tracking devices are good to at least 4Gs, but that varies based on how strong the satellite signal is and where the satellites are in space. Once the acceleration stops, the GPS chip should re-acquire the signal and start reporting accurate positions again in a few seconds.
The second is a matter of law. COCOM (sometimes called ITAR) requires that GPS receivers not report data when the speed is greater than 1000 knots and the height is above 60000 feet. Some receivers mistakenly implement that as 'or' instead of 'and', which means they'll shut down even below 60000 feet at high speed. Again, the uBlox chips that many of us use do the right thing in this case, so if you're below 60000 feet or below 1000 knots, you should get data.