Globalstar Stock Pops More Than 15% After Report Claims Amazon In Talks To Acquire Apple-Backed Satellite

NodeGuardian · 2026-04-11T04:15:21+00:00

Globalstar shares jumped 15% after news of Amazon's potential acquisition talks, which could enhance its satellite internet project, Project Kuiper, and heighten competition with SpaceX's Starlink. Apple's stake adds complexity to the situation.

NodeGuardian

2026-04-11 04:15:21

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Globalstar (GSAT) shares surged over 15% in after-hours trading following a report that Amazon (AMZN) is in talks to acquire the Apple-backed satellite communications company. The potential acquisition could bolster Amazon’s Project Kuiper, its low-Earth-orbit satellite internet business, helping it compete with SpaceX’s Starlink. Apple’s 20% stake in Globalstar, acquired in 2024, adds complexity to the negotiations.

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