Globalstar shares surge over 15% on acquisition speculation. Reports indicate Amazon is in preliminary talks to acquire the Apple-backed satellite communications company, a move that could significantly strengthen Amazon's low-Earth-orbit satellite internet initiative known as Leo. The potential deal represents Amazon's aggressive push into the competitive satellite internet market, where companies are racing to provide global connectivity. Globalstar's established infrastructure and technology could provide Amazon with valuable assets to accelerate its satellite ambitions. Market observers note this acquisition could reshape the satellite communications landscape and enhance Amazon's competitive positioning against other players in the space industry.
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