NasdaqGS:GSATTelecom
Amazon Steps In At Globalstar As HIBLEO-4 Launch And Valuation Scrutinized
Amazon agreed to acquire Apple's stake in Globalstar as part of a multibillion dollar acquisition of the company, reshaping its ownership structure.
Globalstar announced the HIBLEO-4 replenishment satellite launch to reinforce its low Earth orbit constellation.
The developments come as Globalstar, ticker NasdaqGS:GSAT, trades around $82.65 per share.
For investors watching satellite communications, Globalstar sits at an interesting point, with the stock up 29.2% year to date and showing a...