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Briefing: Globalstar stock surges 15% on report Amazon is weighing an acquisition

Strategic angle: A deal with Globalstar could bolster Amazon Leo, the company's nascent internet-from-space service.

Editorial StaffApril 1, 20261 min read

Globalstar stock increased by 15% following acquisition rumors.

Amazon's potential acquisition could enhance its satellite internet service.

The company currently operates around 200 satellites in orbit.