Amazon.com Inc. has reached a definitive agreement to acquire Globalstar for approximately $11.6 billion, a move that significantly enhances its low-Earth orbit satellite capabilities through the Amazon Leo network. This acquisition will integrate Globalstar's satellite infrastructure and assets, enabling Amazon to provide high-speed communication services directly to devices, thereby positioning it as a strong competitor to SpaceX's Starlink. Analysts view the deal positively, suggesting it could unlock new revenue streams and reshape the satellite communications market by 2028.
“Amazon Leo, previously Amazon Project Kappers. We've talked about this actually the rumors last week. So they are going to acquire the company Global Star. So Global Star shareholders will receive either $90 per share in cash or 3210 shares of Amazon that are capped at $90 per share.”
“The purpose here is to integrate global star spectrum assets satellite infrastructure and expertise into Amazon's LEO network.”
“Amazon's Leo nextg satellites will enable voice, text and data directly to smartphones and IoT devices.”
“Global Star acquisition strengthens Amazon's satellite service portfolio.”
“Amazon is buying GASAT GSAT for $90 a share. which was out earlier this morning.”
“Well, now you're 20% higher and you're going to take out the longs or the low the highs here after making those lows.”
“the fact that Amazon is up despite the fact that there's a potential share portion is pretty bullish.”
“There a lot of their data centers were getting hit and we had some downside pressures for Amazon. And then it took what three days for that to go from like 200 bucks to get up to that 215 and then blast through.”
“AMAZON AGREED TO ACQUIRE GLOBALSTAR FOR $90 A SHARE IN STOCK. 1.6 BILLION DEAL OVERALL THAT WOULD EXPAND THE SERVICES OF ITS SATELLITE SYSTEM.”
“the amazon valuation glitch has finally been exposed and it turns out we might have been mispricing one of the world's most ubiquitous companies by as much as one point five trillion dollars.”
“amazon is no longer just a store with a side hustle in the cloud but a company guiding for two hundred billion dollars in capital expenditure by two thousand twenty six focused almost entirely on ai infrastructure.”
