Amazon.com's latest acquisition of a satellite operator has helped power a winning streak for the tech giant, as shares of the company rallied for the seventh consecutive day on Tuesday.

Amazon.com, Inc. remains a Strong Buy as its massive CapEx is building high-return assets, not liabilities, with robust customer commitments supporting future AWS monetization. AMZN's capital allocation track record, including disciplined acquisitions and ecosystem expansion into chips and satellites, reinforces confidence in management's growth strategy. AMZN stock's forward P/E of 30x and P/OCF of 15x for 2026 suggest undervaluation given expected cash flow growth and margin expansion, supporting a compelling long-term FCF yield.

Bloomberg's Caroline Hyde and Ed Ludlow discuss Amazon's plan to buy satellite operator Globalstar in a $11.6 billion deal. Plus, Lucid's New Incoming CEO Silvio Napoli discusses the company's fresh injection of capital and deeper robotaxi push.

Amazon.com Inc (NASDAQ:AMZN)'s agreement to acquire Amazon.com Inc.'s satellite partner Globalstar Inc for about $12.5 billion is a strategically “long-duration” move that strengthens its direct-to-device ambitions while requiring no meaningful near-term cash strain, according to Jefferies analysts. In a note following the announcement, Jefferies said it views the deal positively, arguing it accelerates Amazon's roadmap to launch satellite-to-device services by 2028 and enhances its competitive positioning against SpaceX's Starlink.

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Amazon.com and Apple's latest partnership showcases each company's individual strengths—and puts them both in better competitive positions.

Amazon will buy all of Globalstar's shares for $90 each. In return, Amazon receives instant DTC capability for its Amazon Leo satellite internet service.

Amazon recently announced its acquisition of Globalstar for over $11.5 billion, or roughly $90 per share. Amazon has been attempting to build a low-Earth orbit satellite network but has fallen behind schedule.

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Amazon.com, Inc.'s $11.6 billion acquisition of Globalstar highlights surging demand for space-focused telecom, boosting XTL, where GSAT is the largest holding. I maintain a buy rating on the State Street SPDR S&P Telecom ETF, citing pristine momentum, an attractive 19.8x P/E, and a PEG near 1.0 amid a bullish technical setup. XTL's high small-cap exposure (60%) and low yield (0.95%) make it a tactical, growth-oriented telecom play rather than a defensive income vehicle.