Amazon is making a major move in the satellite race. The $11 billion acquisition of Globalstar will boost its Project Kuiper Leo network and give it valuable spectrum and infrastructure as it competes with SpaceX’s Starlink.
Globalstar shareholders can choose $90 cash per share or 0.3210 Amazon shares. Deal expected to close in 2027. Both stocks rose on the news
> AMZN up 3.8%, GSAT up 9.6%.
What do you guys think, smart move by Amazon, or is it still playing catch-up?
Amazon to Buy Globalstar for $11 Billion in Satellite Push Against Starlink
byu/Nvestiq inbusiness
Posted by Nvestiq