Amazon’s $9B Globalstar (GSAT) Takeover Talks Send Shares Soaring 16%

Key Takeaways Satellite communications provider Globalstar (GSAT) is reportedly the target of a potential $9 billion acquisition by Amazon. According to Bloomberg, an official announcement could come as soon as Tuesday, April 15. Shares of Globalstar jumped approximately 15.7% during premarket trading hours after the news broke. The situation is complicated by Apple’s 20% ownership position in Globalstar, stemming from a $1.5 billion 2024 investment. Over the trailing twelve months, Globalstar shares have climbed 273%, driven largely by acquisition rumors. According to a Bloomberg report, Amazon has entered advanced negotiations to acquire satellite communications company Globalstar in a transaction valued at approximately $9 billion. The news triggered a sharp rally in GSAT shares, which climbed roughly 15.7% before Monday’s market open. AMAZON $AMZN IN TALKS TO BUY $9 BILLION SATELLITE GROUP GLOBALSTAR – Financial Times pic.twitter.com/yxE8rEpayk — Evan (@StockMKTNewz) April 1, 2026 Sources close to the discussions told Bloomberg that a formal announcement could arrive as early as this Tuesday. Should the acquisition materialize, Amazon would gain immediate access to critical satellite infrastructure, significantly advancing its efforts to compete in the low Earth orbit (LEO) broadband market against SpaceX’s Starlink. Globalstar, Inc., GSAT Amazon’s Project Kuiper satellite initiative currently maintains approximately 180 satellites orbiting Earth — a fraction of the more than 10,000 satellites deployed by SpaceX. Acquiring Globalstar would provide Amazon with a substantial leap forward in closing this gap. This latest Bloomberg report builds on earlier reporting from the Financial Times earlier this month, which also indicated that Amazon was moving toward a Globalstar acquisition. The convergence of these reports has strengthened investor conviction that a deal is imminent. Apple’s Ownership Position Creates Complexity A significant complicating factor in an...