Amazon.com said on Tuesday it would acquire Globalstar in an $11.57 billion deal, strengthening its nascent satellite business as it seeks to compete with SpaceX's Starlink. Under the terms of the agreement, shareholders of Globalstar can choose to receive either $90 in cash or 0.3210 shares of Amazon common stock for each share they hold, the companies said.

I went to Amazon (NASDAQ: AMZN | AMZN Price Prediction) to shop for a new car.

Amazon's shareholder letter quietly doubled a key valuation input and added a segment that wasn't in any model three weeks ago — the SOTP math has materially changed. CEO Andy Jassy disclosed a $50B standalone chip revenue figure that most analysts haven't priced in — and the $20B confirmed run rate is itself double what I used in March. Three patches to the prior SOTP add $19 to the probability-weighted target.

Amazon has agreed to acquire Globalstar in a move that allows its Amazon Leo satellite network to offer direct-to-device connections.

Amazon to buy Globalstar to bolster Leo satellite business

CLEVELAND, April 14, 2026 (GLOBE NEWSWIRE) -- Cleveland-area filmmaker Brendan D. Bowers has released his award-winning sports documentary, Pedro Cueto: Power of a Dream , now streaming globally on Amazon Fire TV , the Apple iPad, and anywhere the Free Movies+ app is available (via OTT Studio).The film tells the powerful true story of 10-year-old karting champion and cancer survivor Pedro Cueto Jr., who continues to compete—and win—at an elite level after being diagnosed with Ewing's Sarcoma, a rare and aggressive form of bone cancer.

SEATTLE & COVINGTON, La.--(BUSINESS WIRE)--Today Amazon.com, Inc. (NASDAQ:AMZN) and Globalstar, Inc. (NASDAQ:GSAT) announced that they have entered into a definitive merger agreement under which Amazon will acquire Globalstar, enabling Amazon Leo to add direct-to-device (D2D) services to its low Earth orbit satellite network and extend cellular coverage to customers beyond the reach of terrestrial networks. In addition, Amazon and Apple announced an agreement for Amazon Leo to power satellite s.

Ackman even publicly endorsed Fannie Mae as a potential “10X” trade in late March 2026, highlighting just how bullish he remains on one of Pershing Square's most controversial holdings.

Nvidia (NVDA) denies reports of talks to acquire a PC maker, reversing gains in Dell (DELL) and HP (HPQ) shares. United Airlines (UAL) CEO explores a potential merger with American Airlines (AAL), raising regulatory and competitive scrutiny concerns.