Globalstar

Amazon Globalstar Talks Raise Questions For Project Kuiper And Valuation

Amazon.com (NasdaqGS:AMZN) is reported to be in advanced talks to acquire satellite operator Globalstar. Apple, which holds a 20% ownership stake in Globalstar and uses its satellites for iPhone features, adds complexity to any potential deal. The transaction would be aimed at supporting Amazon's Project Kuiper and its push into low Earth orbit broadband connectivity. For investors tracking Amazon.com at a current share price of $209.77, this potential move sits alongside a mixed recent...