Globalstar

GSAT

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Amazon Eyes $9 Billion Acquisition of Satellite Operator GSAT to Join the "Space War"
Wallstreetcn·Apr 2 at 12:45 AM
- Amazon is negotiating to acquire Globalstar to challenge SpaceX in the low Earth orbit satellite internet market, with Globalstar's market value around $9 billion. - A significant obstacle is Apple's 20% stake in Globalstar, which requires Amazon to negotiate terms regarding network capacity reserved for Apple’s satellite messaging service. - The acquisition could enhance Amazon's satellite capabilities but follows ongoing struggles with satellite launches, as Amazon has only launched over 180 satellites compared to SpaceX's 10,000.
AMZU+4.28%AMZW+2.48%
Globalstar Inc. has risen more than 21% in the last five trading days and over 37% in the last month. The company's revenue for the third quarter was $73.8 million, exceeding analysts' expectations of $68.8 million; the loss per share was $0.01, lower than analysts' expectations of $0.018. The company maintains its full-year revenue guidance between $260 million and $285 million, with analysts expecting $265 million
Wallstreetcn·Nov 10, 2025 at 04:57 PM
GSAT+1.02%

Amazon Eyes $9 Billion Acquisition of Satellite Operator GSAT to Join the "Space War"