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Markets Score 35 Bullish

Globalstar Stock Surges Amid Reports of Amazon Acquisition Talks

Apr 02, 2026 23:53 UTC
GSS
Immediate term

Shares of Globalstar jumped on Thursday following reports that Amazon is considering acquiring the satellite communications provider to bolster its Project Kuiper initiative. The potential deal could reshape the competitive landscape in the satellite internet market.

  • Amazon is reportedly in talks to acquire Globalstar to strengthen its Project Kuiper satellite internet initiative.
  • Globalstar's shares rose on Thursday following the acquisition rumors.
  • Amazon has launched about 200 satellites for Project Kuiper, competing with SpaceX's Starlink, which has over 10,000 satellites and 9 million customers.
  • Apple's 20% stake in Globalstar could complicate the potential acquisition.
  • Globalstar's market capitalization is currently around $10 billion.

Shares of Globalstar (NASDAQ: GSAT) surged on Thursday after reports surfaced that Amazon (NASDAQ: AMZN) is exploring the possibility of acquiring the satellite communications provider. The news comes as Amazon accelerates its Project Kuiper, a multi-billion-dollar initiative to deploy thousands of satellites for global internet coverage. Currently, Amazon has launched approximately 200 satellites, positioning itself in direct competition with SpaceX's Starlink, which already operates over 10,000 satellites and serves 9 million customers. According to the Financial Times, Amazon is in discussions to acquire Globalstar, which could enhance its satellite capabilities and competitive edge. However, a potential obstacle is Apple's 20% stake in Globalstar, which may complicate the negotiations. Amazon has faced challenges in meeting its satellite launch targets, partly due to a shortage of rocket capacity. To address this, the company has partnered with Jeff Bezos' Blue Origin and paid SpaceX to launch some of its satellites. Acquiring Globalstar could help Amazon expedite its satellite constellation expansion and reduce reliance on external launch partners. Globalstar's current market capitalization is around $10 billion, making any deal potentially significant in scale. Analysts suggest that while the acquisition could benefit Amazon's space ambitions, investors should remain cautious, as the deal is not guaranteed to materialize.

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