Stock Track | Globalstar Soars 11.54% on Amazon Acquisition Talks to Rival SpaceX's Starlink

Stock Track

Apr 02

Globalstar's stock surged 11.54% over the past 24-hour period, with significant gains occurring during post-market trading sessions following reports of a potential acquisition.

The price movement was driven by multiple news reports indicating that Amazon is in talks to acquire the satellite telecommunications company Globalstar in a deal valued at approximately $9 billion. According to the Financial Times and other sources, the acquisition would bolster Amazon's low-earth-orbit satellite internet business, known as Leo (formerly Project Kuiper), as it seeks to compete with Elon Musk's SpaceX and its dominant Starlink network.

One complicating factor noted in the reports is Apple's 20% stake in Globalstar, acquired through a $1.5 billion investment in 2024, which would require negotiations between Amazon and Apple. The potential deal represents a strategic move by Amazon to accelerate its satellite internet ambitions by acquiring Globalstar's existing spectrum licenses, gateway station network, and operational experience.

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The potential deal represents a strategic move by Amazon to accelerate its satellite internet ambitions by acquiring Globalstar's existing spectrum licenses, gateway station network, and operational experience.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GSAT","symbol_name":"全球星","start_time":0,"source_url":"","article_id":"1175775604","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175775604","pubTimestamp":1775115614,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Globalstar's stock surged 11.54% over the past 24-hour period, with significant gains occurring during post-market trading sessions following reports of a potential acquisition.The price movement was...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GSAT":"全球星"},"translate_title":"个股追踪|亚马逊与竞争对手SpaceX旗下Starlink进行收购谈判Globalstar飙升11.54%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GSAT":1},"content_text":"Globalstar's stock surged 11.54% over the past 24-hour period, with significant gains occurring during post-market trading sessions following reports of a potential acquisition.The price movement was driven by multiple news reports indicating that Amazon is in talks to acquire the satellite telecommunications company Globalstar in a deal valued at approximately $9 billion. 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