Amazon in Talks to Acquire Globalstar: Can $9 Billion Deal Challenge SpaceX’s Starlink?
TradingKey - During after-hours trading on April 1, 2026, shares of satellite communications company Globalstar (GSAT) surged 24%, with its market capitalization briefly approaching $9 billion. The rally was triggered by an exclusive report from the Financial Times stating that e-commerce giant Amazon (AMZN) is in talks to acquire Globalstar for $9 billion, aiming to compete directly with Elon Musk's Starlink in the low Earth orbit (LEO) satellite internet sector.