Amazon.com, Inc. (AMZN) Strengthens Satellite Service Prospect with Globalstar Deal [Yahoo! Finance]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Yahoo! Finance
The research firm remains bullish on the e-commerce giant following its acquisition of Globalstar at $90 per share. Amazon.com, Inc. (AMZN) Strengthens Satellite Service Prospect with Globalstar Deal The Globalstar acquisition is poised to expand Amazon's satellite service by integrating its direct-to-device service into the low Earth orbit network. The acquisition is poised to strengthen Amazon's Leo satellite business as it continues to take on Elon Musk's SpaceX. Amazon is to leverage Globalstar to build its own direct-to-device satellite system ahead of potential deployment in 2028. According to Loop Capital, the Globalstar acquisition has been an indirect overhang on the retail segment's margins. The research firm expects the acquisition to remove the pressure. In addition, the research firm remains bullish on Amazon amid growing revenue contributions from AI services. The firm expects AWS revenue to accelerate as capacity becomes serviceable. Amazon.com, Inc. (NASDAQ:AMZ
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GSAT
News
- FCC Tells SpaceX, AST SpaceMobile to Stay in Their Lane With Satellite Spectrum [Yahoo! Finance]Yahoo! Finance
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- $HAREHOLDER ALERT: The M&A Class Action Firm Is Investigating The Merger--LEG, AVNS, GRTX, and GSATPR Newswire
GSAT
Earnings
- 2/27/26 - Miss
GSAT
Sec Filings
- 4/15/26 - Form SCHEDULE
- 4/15/26 - Form 4
- 4/15/26 - Form 144
- GSAT's page on the SEC website