Amazon to buy Globalstar for $11.57 billion to challenge Starlink
Amazon agreed to buy Globalstar for $11.57 billion to add spectrum and direct-to-device capabilities to Amazon Leo ahead of a planned 2028 rollout, intensifying its challenge to Starlink.
From the sources (17 posts)
@wsjAmazon is buying satellite operator Globalstar in a deal the companies estimated at about $10.8 billion, snapping up the biggest rival to Elon Musk’s Starlink service.
@stocksavvyshay$AMZN just crossed $250 after adding more than $100B in market value today. That means the market more than paid for its $GSAT $12B deal and is effectively treating the move to turn Project Leo into a broader connectivity moat as free and
@reutersAmazon said it would acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it tries to catch up with Elon Musk's Starlink
@yahoofinance$AMZN is trading higher after announcing an $11.6 billion acquisition of Starlink competitor Globalstar. 📈 The deal aims to enhance the e-commerce giant's satellite internet capabilities.
@amitisinvesting$AMZN Amazon $250 has to feel amazing for so many of us…I think like 80% of FinX is long this name and I can’t imagine anyone being a bagholder on it anymore 😆 - AWS accelerating for the first time since 2022 - 15% Anthropic Stake - $20B
@reutersAmazon to buy satellite firm Globalstar in $11.57 billion deal to take on Musk's Starlink
@businessAmazon’s $11.6 billion deal to buy Globalstar ramps up competition with Elon Musk’s Starlink in satellite communications, a market predicted to double to $200 billion in the coming years
@reutersbizWATCH: Amazon said it would acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it tries to catch up with Elon Musk's Starlink
@exec_sumBREAKING: Amazon will acquire satellite operator Globalstar in an $11.6B cash deal in an effort to compete with Musk's SpaceX
@stockmktnewzAmazon $AMZN stock is now up 5% so far today 🟢🟢🟢🟢🟢
@stocksavvyshayRT @StockSavvyShay: $AMZN ~$12B deal for $GSAT would take Project Kuiper beyond broadband giving Amazon licensed spectrum & a D2D path with…
@stockmktnewzAmazon's $AMZN buying of Globalstar $GSAT today is the 2nd largest acquisition in its history
@vestexchangeA $11.6B Globalstar deal, an $AAPL satellite partnership, and Jassy disclosing a $15B AWS AI run rate are in focus while $AMZN is up around 4% on the session. AWS AI at $15B and custom chips above $20B annualized for $AMZN, with streams sp
@briansozziRT @YahooFinance: Amazon will acquire Starlink competitor Globalstar for $11.57 billion. Sevens Report Research founder @TomEssaye on the…
@businessAmazon’s takeover of Globalstar is poised to benefit one of the company’s biggest rivals in hardware devices: Apple
@howardlindzonHave to be in the market to get lucky once in a while Been a good run this year with the @stocktwits community
@rtodiStarlink just got some serious competition. Amazon is buying **Globalstar** for **$11.57 billion** to turbocharge its **Amazon Leo** satellite internet network. The deal brings spectrum, satellites, and direct-to-device tech — meaning fut