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As Amazon Considers Buying Globalstar, Should You Buy GSAT Stock? [Yahoo! Finance]
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GSAT stock has also climbed 25% over the last month, with a large part of the rally attributable to speculation related to Amazon (AMZN) deal talks. According to reports, tech giant Amazon is in talks to acquire Globalstar for a consideration of $9 billion. The potential acquisition would support Amazon's push to build its own low-earth orbit satellite business. It's worth noting that Apple (AAPL) invested $1.5 billion in Globalstar in 2024 for a 20% stake. This would necessitate talks between Amazon and Apple if the acquisition is finalized. More News from Barchart Tesla Stock Keeps Falling - But 10% Lower TSLA Puts Yield 2.0% for One Month Out The Market Isn't Pricing War. It's Pricing What Comes After Iran War, Inflation Reading and Key Things to Watch this Week Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Through this potential deal, Amazon is targeting to compete with SpaceX and its satellite-based interne
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