
Globalstar Stock Surges 15% on Amazon Acquisition Talks Report
Globalstar's stock jumped over 15% after the Financial Times reported Amazon is in acquisition talks with the satellite communications firm. Apple's 20% stake in Globalstar, from a 2024 investment, adds complexity to the potential deal. The acquisition could bolster Amazon's Leo satellite internet service, which has launched 200 satellites and aims for commercial deployment this year despite facing delays. Amazon competes fiercely with SpaceX's Starlink, which has a large satellite fleet and user base. Previous reports indicated Globalstar had discussed a sale with SpaceX.






















