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Barchart
Barchart
Wajeeh Khan

Should You Chase the Amazon-Driven Rally in Globalstar Stock Today?

Globalstar (GSAT) shares closed nearly 15% higher on April 2 following reports that Amazon (AMZN) is in advanced talks to acquire the satellite communications firm for about $9 billion.

This potential acquisition is reportedly a strategic play to strengthen Amazon Leo as it races to compete with billionaire Elon Musk’s satellite-internet network, Starlink. 

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