Amazon Rises 5%, Globalstar Jumps 10% as $11.57 Billion Acquisition Ignites a Satellite War With SpaceX

Amazon announced an $11.57 billion acquisition of Globalstar to accelerate Project Kuiper, sending AMZN shares up about 5% (from $239.89 to $252) and GSAT up roughly 10% (from $72.89 to $80). The deal gives Amazon licensed Band 53/n53 spectrum, an operational satellite network and a private 5G platform, sharpening competition with SpaceX’s Starlink. Apple's 20% stake in Globalstar and its allocation of 85% of network capacity for iPhone SOS adds regulatory and contractual complexity. Amazon’s $200 billion capex plan and recent strong AWS and advertising growth underpin the financing case. Markets view the acquisition as a concrete infrastructure catalyst for Amazon, raising the odds of further sector M&A and strategic responses from rivals.