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GSAT rallies to 18-year highs as Amazon deal offers 23% premium
short by / on Tuesday, 14 April, 2026
Globalstar (GSAT) stock is poised for 18-year highs after Amazon agreed to acquire the company for a 23% premium. Amazon will integrate Globalstar's satellite operations into its Project Kuiper network to boost direct-to-device connectivity. Shareholders can choose cash or stock. Amazon also separately agreed to enable satellite features on iPhones.
read more at Stocktwits