Amazon’s Globalstar Deal Recasts Satellite Ambitions And Investor Risk Reward

Amazon.com, NasdaqGS:AMZN, has completed its acquisition of satellite operator Globalstar. The deal gives Amazon control of Globalstar’s spectrum rights, satellite fleet, and key commercial agreements. This move expands Amazon’s direct to device satellite connectivity efforts and increases competitive pressure on other space based networks. Amazon.com, NasdaqGS:AMZN, now trades at $250.56 and sits on strong multi year gains, with the share price up 49.7% over the past year and 135.9% over...