Amazon Rises 5%, Globalstar Jumps 10% as $11.57 Billion Acquisition Ignites a Satellite War With SpaceX
Amazon (NASDAQ:AMZN) stock is up 5% today, rising from $239.89 to $252, after the company announced a blockbuster $11.57 billion acquisition of Globalstar (NASDAQ:GSAT). The deal is designed to turbocharge Amazon’s Project Kuiper satellite broadband initiative and put it in direct competition wit...