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Amazon in Talks to Acquire Globalstar to Rival Starlink

Amazon is reportedly in talks to acquire satellite firm Globalstar in a multi-billion dollar deal, aiming to directly compete with SpaceX's Starlink in the satellite internet market, which has caused Globalstar shares to soar.

2 Apr, 00:57 — 2 Apr, 19:00
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The Story

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Source Diversity

Source Diversity

High (71/100)
6 sources33/33
Spectrum spread— 4/5 buckets covered25/33
Far L
Left2
Left (2)
Yahooder-standard
Center2
Center (2)
marketwatchorf
Right1
Right (1)
straits-times
Far R1
Far Right (1)
zerohedge
Geographic diversity— 3 regions13/34
US3Austria2Singapore1

Sources

Showing 3 of 6 sources
marketwatchMostly Factual6d ago

This space stock is hot — and both Amazon and SpaceX may want to buy it

Acquiring Globalstar could give Amazon a helping hand as it seeks to compete with Starlink.

By William Gavin

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straits-timesMostly Factual7d ago

Amazon eyes $11 billion Globalstar deal to rival SpaceX's Starlink, FT reports - The Straits Times

Amazon eyes $11 billion Globalstar deal to rival SpaceX's Starlink, FT reports  The Straits Times

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zerohedgeLow6d ago

Globalstar Soars On Amazon Buyout Report Amid Satellite Constellation Race

Globalstar Soars On Amazon Buyout Report Amid Satellite Constellation Race Globalstar shares surged 12% in premarket trading in New York... ...marking their biggest jump in nearly five months, after the Financial Times reported overnight that Amazon is in talks to acquire the satellite operator, a move that would certainly intensify the race to build satellite constellations.  The FT cited people familiar with the Amazon-Globalstar talks and said both sides are still nego...

By Tyler Durden

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Coverage Timeline

First report: straits-times · 2 Apr, 00:57Full coverage: 6 · 18hWindow: 18h
Left-leaningCenterRight-leaning
straits-times2 Apr, 00:57First to report

Amazon eyes $11 billion Globalstar deal to rival SpaceX's Starlink, FT reports - The Straits Times

9h later
orf2 Apr, 10:03

Amazon will Satellitenfirma Globalstar kaufen

2h later
der-standard2 Apr, 11:55

Amazon will zum Rivalen Starlink aufschließen und Globalstar kaufen

1h later
zerohedge2 Apr, 13:15

Globalstar Soars On Amazon Buyout Report Amid Satellite Constellation Race

1h later
Yahoo2 Apr, 14:41

Amazon in talks to acquire satellite firm Globalstar in $8.8B deal

4h later
marketwatch2 Apr, 19:00Latest update

This space stock is hot — and both Amazon and SpaceX may want to buy it

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