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2 satellite stocks rise on Amazon-Globalstar deal talks
short by / on Thursday, 2 April, 2026
Amazon is reportedly in talks to acquire Globalstar to challenge SpaceX in satellite connectivity. The move aims to advance Project Kuiper. Globalstar shares surged 15%, while Iridium and Viasat also rose. However, the potential deal faces complexity due to Apple's existing 20% stake in Globalstar.
read more at Stocktwits