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Faisal Humayun Khan

As Amazon Considers Buying Globalstar, Should You Buy GSAT Stock?

GlobalStar GSAT Amazon Apple

Globalstar (GSAT) stock has skyrocketed 273% in the last 52 weeks, rallying on the back of an expanded service offering that provides growth visibility. 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. 

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