One can bet on the acquisition of GlobalStar by Amazon - is Apple driving the stock even higher?
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GlobalStar operates a global satellite network that enables mobile voice and data communication even in areas where traditional cellular networks do not provide coverage. In addition to classic voice and data services, the company is increasingly focusing on the Internet of Things (IoT). In late February, the US satellite provider reported a revenue of 71.95 million USD for the fourth quarter of 2025, representing a year-over-year growth of 17.6%. The loss came in at 0.11 USD, significantly higher than expected (-0.04 USD). On April 1, it was...
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