Amazon is raking in cash at the box office after sending Ryan Gosling to space with “Project Hail Mary.” Its latest space play could make a real-world satellite business into a winner, too.

Evercore ISI head of internet research Mark Mahaney struck a cautious near-term tone on Big Tech while highlighting attractive valuations and long-term upside driven by AI.

NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Globalstar, Inc. (NasdaqGS: GSAT) to Amazon.com, Inc. (NasdaqGS: AMZN). Under the terms of the proposed transaction, shareholders of Globalstar will receive $90.00 in cash or 0.3210 shares of Amazon common stock (with a value capped at $90.00 per share), for each share of Globalstar that they o.

Amazon.com (NASDAQ:AMZN | AMZN Price Prediction) announced it is acquiring satellite company Globalstar (NASDAQ:GSAT) for $11.6 billion, and the market delivered an immediate verdict.

The sell-off makes sense because Amazon's agreement to buy Globalstar introduces a much larger and better-capitalized player into the race to connect smartphones directly through low Earth orbit satellite networks.

On the April 14 episode of Mad Money, BlackRock CEO Larry Fink told Jim Cramer something critical: oil could be cut in half if the Iran war resolves favorably.

Amazon announces plans to acquire satellite service provider Globalstar in its quest to provide connectivity from space.

Amazon (AMZN) is rated a Strong Buy, driven by accelerating AWS growth, custom silicon leadership, and undervalued multiples. AWS's 24% Y/Y growth and $244B backlog, bolstered by AI integration and the Anthropic partnership, anchor Amazon's long-term profit engine. Custom silicon and automation are expanding margins across AWS and retail, while Amazon's $68B advertising segment outpaces peers with AI-driven innovation.