Amazon's Globalstar Deal Recasts Satellite Ambitions And Investor Risk Reward [Yahoo! Finance]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Yahoo! Finance
Amazon.com, NasdaqGS:AMZN, has completed its acquisition of satellite operator Globalstar. The deal gives Amazon control of Globalstar's spectrum rights, satellite fleet, and key commercial agreements. This move expands Amazon's direct to device satellite connectivity efforts and increases competitive pressure on other space based networks. Amazon.com, NasdaqGS:AMZN, now trades at $250.56 and sits on strong multi year gains, with the share price up 49.7% over the past year and 135.9% over three years. The company is already a major player in e commerce and cloud services, and adding Globalstar introduces a new asset class that investors can factor into Amazon's broader business profile. The acquisition secures spectrum and infrastructure that could support future services for both consumers and enterprises, including possible connectivity options for device makers such as Apple. For shareholders, the key question is how effectively Amazon integrates Globalstar into its wider
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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