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Globalstar Shares Surge 15% Amid Amazon Acquisition Talks

4/2/2026

Summary

Story summary

Globalstar, Inc. saw shares rise over 15% after reports that Amazon is negotiating a potential acquisition.
The Financial Times reports ongoing discussions, complicated by Apple Inc.'s 20% stake acquired in 2024.
A deal could boost Amazon Leo, Amazon's internet-from-space service, aiming to deploy about 7,700 satellites.
Amazon has launched about 200 satellites since April 2024 and seeks a Federal Communications Commission extension.
Globalstar previously explored a sale to SpaceX.

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Story summary

Globalstar, Inc. saw shares rise over 15% after reports that Amazon is negotiating a potential acquisition.
The Financial Times reports ongoing discussions, complicated by Apple Inc.'s 20% stake acquired in 2024.
A deal could boost Amazon Leo, Amazon's internet-from-space service, aiming to deploy about 7,700 satellites.
Amazon has launched about 200 satellites since April 2024 and seeks a Federal Communications Commission extension.
Globalstar previously explored a sale to SpaceX.