Globalstar, Inc. (NYSE:GSAT) shares are up during Thursday’s premarket session following media reports claiming that Amazon.com, Inc. (NASDAQ:AMZN) is in talks to acquire the satellite communications company.
This potential deal could significantly bolster Amazon’s low-Earth-orbit satellite internet business as it aims to compete with SpaceX, The Financial Times reported.
As of December 31, 2025, Globalstar held cash and cash equivalents of $447.5 million, compared to $391.2 million as of December 31, 2024.
A deal with Globalstar could enhance Amazon’s satellite internet service, known as Leo, which is gearing up for commercial launch. The discussions come amid Amazon’s efforts to deploy around 1,600 satellites by mid-2026, while Globalstar has existing agreements with SpaceX for satellite launches.
Technical Analysis
At $76.50, the stock is trading 26.1% above its 20-day simple moving average (SMA) and 24.2% above its 100-day SMA, suggesting strong short-term momentum. The stock’s position indicates a bullish trend, as it is significantly above these key moving averages.
The relative strength …
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