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. Globalstar is the satellite communications company that helps Apple provide direct-to-cell communications services via its iPhones and Apple Watches.

Amazon.com, Inc. AMZN shares are trading higher Tuesday after the company announced it entered into an agreement to acquire Globalstar, Inc. GSAT. Citron Research is helping boost the stock with bullish comments following the deal.

Technical indicators say the stock is poised for more gains after yesterday’s rally.

With a SpaceX IPO pending, Amazon's Globalstar move spotlights its push to fuse satellite connectivity with AI-powered cloud services, today, April 14, 2026.

Fri, March 27, 2026 at 5:52 PM UTC Amazon.com (NASDAQ:AMZN) stock is down roughly 3% in Friday trading, sliding from an opening price of $207.54 to around $200. The move outpaces the broader market, where the S&P 500 is off slightly more than 1% on the day.

Andy Jassy dismissed fears of a bubble and touted “so much demand” for the firm’s chips.