Amazon said to be in advanced talks to buy Globalstar; shares surge pre-market

Deal reportedly near — could be announced as soon as Tuesday

It has been reported that Amazon is in advanced talks to acquire satellite operator Globalstar, and that a deal could be announced as soon as Tuesday. The scoop, first circulated by Bloomberg and picked up across tech newsfeeds, remains unconfirmed by either company. Still, markets reacted fast: Globalstar (GSAT) jumped more than 15% in pre-market trading on the report. Rumors move markets. This one moved them fast.

Why it matters — a push at Starlink

If true, the move would be another bold swing in the increasingly public space-race between Big Tech and Elon Musk’s Starlink. Amazon has been building Project Kuiper for years; buying Globalstar would instantly add spectrum and operational satellite assets — speedier scale, less guesswork. That said, it’s not a done deal. Analysts say the acquisition would likely help Amazon catch up, but regulatory, technical and integration hurdles remain. Can a purchase close the gap overnight? Not likely. But it would certainly change the chessboard.

What to watch next

Expect confirmation or denials in the next 48–72 hours. Regulators will scrutinize spectrum and national-security implications; investors will watch whether GSAT’s pop holds once the market digests the details. Either way, the story is part of a larger theme: legacy satellite firms are suddenly hot property as cloud and connectivity giants race to own the pipes — and the sky — that will carry tomorrow’s internet.

Sources: bloomberg.com