$80.14
+0.23 (+0.29%)
GSAT News3 articles
AST SpaceMobile Shares Tumble on Launch Delay, Amazon Deal Intensifies Competition
AST SpaceMobile shares dropped sharply after another delay for its crucial BlueBird 7 satellite launch, compounded by Amazon's major acquisition of rival Globalstar, signaling heightened competition in satellite-to-smartphone services.
Amazon Strikes $11.6B Deal for Globalstar to Accelerate Satellite Network
Amazon has entered an agreement to purchase satellite communications firm Globalstar in a deal valued at approximately $11.6 billion. The acquisition is designed to bolster Amazon's low-Earth orbit satellite constellation and accelerate its push into direct-to-device connectivity.
Amazon's Globalstar Move Heightens Focus on SpaceX's Record IPO Valuation
Amazon's major satellite acquisition intensifies the market's focus on SpaceX's upcoming IPO, which seeks a historic $1.75 trillion valuation. The offering's roadshow is set for early June, with retail investors potentially receiving an unusually large 30% share allocation.