Globalstar Acquired by Amazon in $11 Billion Deal
Globalstar (GSAT) shares surged 9.63% after announcing a potential acquisition by Amazon (AMZN) for over $11 billion. The deal, subject to regulatory approvals and satellite deployment milestones, aims to bolster Amazon's satellite network and help compete with SpaceX's Starlink. Apple is expected to be a major customer of the combined entity.
Topics: Amazon Globalstar Mergers and Acquisitions Satellite Internet SpaceX Starlink