Key Stats for Globalstar Stock
- Pre-market price change for Globalstar stock: 15%
- $GSAT Stock Price as of Apr. 1: $69
- 52-Week High: $75
- $GSAT Stock Price Target: $69
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What Happened?
Globalstar (GSAT) stock surged 15% after hours on Wednesday. The Financial Times reported that Amazon is in talks to acquire the satellite communications company.
Negotiations are ongoing, and some complexities still need to be worked out before any deal is finalized.
One big wrinkle:
- Apple took a 20% stake in Globalstar back in 2024 as part of a $1.5 billion investment.
- That stake could complicate the structure of a potential Amazon deal.
- A deal would give Amazon a meaningful boost for Amazon Leo, its early-stage satellite internet service.
- Amazon has launched around 200 low Earth orbit satellites since last April, but it’s still well behind SpaceX’s Starlink, which has over 10,000 satellites in orbit and roughly 9 million users.
- Amazon wants to build a constellation of about 7,700 satellites, though it has already asked the FCC for more time to hit a key launch milestone of 1,600 satellites by July 2026.
Acquiring Globalstar stock — and the company’s infrastructure behind it — could help Amazon close that gap faster.
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What the Market Is Telling Us About Globalstar Stock
The market is taking this news seriously.
A 15% jump in extended trading shows investors believe this deal has real legs.
Globalstar stock was already on the radar after Bloomberg reported last October that the company was exploring a sale, including early talks with SpaceX.
If Amazon does follow through, it gets licensed spectrum, existing satellite infrastructure, and a network that Apple has already backed with $1.5 billion.
That’s a compelling starting point for a company trying to compete in an increasingly crowded space race.
For now, Globalstar stock remains a speculative play until a deal is confirmed.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
