GSAT Stock On Track To Hit 18-Year High As Amazon Acquires Globalstar For Over 23% Premium

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  "detected_at": "2026-10-02T22:44:06+00:00",
  "company": {
    "name": "Amazon",
    "domain": "amazon.com"
  },
  "data": {
    "url": "https://stocktwits.com/news-articles/markets/equity/gsat-stock-to-hit-18-year-high-amazon-acquires-globalstar-for-over-23-premium/cZJq3Z2RIHV",
    "title": "GSAT Stock On Track To Hit 18-Year High As Amazon Acquires Globalstar For Over 23% Premium - Stocktwits",
    "excerpt": "Advertisement | Remove ads. Globalstar Inc. (GSAT) is on track to hit April 2008 highs after Amazon.com Inc. (AMZN) agreed to acquire the satellite-based telecommunications provider. The move is expected to boost Amazon’s ambition to deliver direct satellite-to-phone communications and expand coverage beyond traditional cellular limits. Under the deal announced Tuesday, Amazon will integrate Globalstar’s satellite operations, spectrum rights, and infrastructure into the growing Amazon Leo low Earth orbit network. Advertisement | Remove ads. The companies said the combination will strengthen efforts to deliver direct-to-device (D2D) connectivity, allowing smartphones and other devices to connect directly to satellites without relying solely on ground towers. “We have long believed low Earth orbit satellite constellations offer the most effective path to truly connect users and devices anywhere and anytime.” -Paul Jacobs, CEO, Globalstar. Globalstar shareholders can choose either $90 in cash per share or 0.3210 Amazon shares (capped at $90 value per share), with a proration rule limiting total cash payouts to 40% and converting excess cash elections into stock on a pro rata basis. The offer price implies over 23% premium to Globalstar’s closing price on Monday. Following the announcement, Globalstar stock traded over 10% higher in Tuesday’s premarket. Advertisement | Remove ads...",
    "product": "next-generation D2D satellite system",
    "summary": "Amazon plans to launch its next-generation D2D satellite system starting in 2028, which will enable voice, messaging, and data services directly on standard mobile devices.",
    "planning": true,
    "image_url": "https://news.stocktwits-cdn.com/large_globalstar_jpg_ce94345876.webp",
    "confidence": 0.9,
    "product_data": {
      "name": "next-generation D2D satellite system",
      "full_text": "its next-generation D2D satellite system",
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      "space"
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    "published_at": "2026-10-02T22:44:06Z",
    "effective_date": "2028-01-01",
    "article_sentence": "Amazon also outlined plans to launch its next-generation D2D satellite system beginning in 2028."
  }
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  -d '{"domain":"amazon.com","limit":20}'