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Maurice Chow 0316
Maurice Chow 0316
·
04-02
R📉i h
9 billion dollars to buy satellite operator GSAT, Amazon wants to join the "space war"
亚马逊被曝正与卫星运营商Globalstar洽谈收购事宜,意在加速追赶SpaceX旗下星链Starlink。谈判的核心变数在于苹果持有Globalstar约20%股权,亚马逊须同时与苹果协商。目前亚马逊在轨卫星仅逾180颗,与Starlink逾1万颗的规模差距悬殊。
9 billion dollars to buy satellite operator GSAT, Amazon wants to join the "space war"
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As of Wednesday, April 1st, Globalstar had a market capitalization of about $9 billion, and its share price had increased by about 230% in the past year. The market had already been betting that this company could become a potential contender or M&A target for SpaceX. After the news, Globalstar rose more than 15% after hours.</p><p>Negotiations have been ongoing for a long time, but the two sides are still negotiating on a number of complex issues. People familiar with the matter cautioned that there is no final agreement yet, and negotiations are still likely to change or break down. Globalstar said, \"Company policy is not to comment on industry rumors or speculation\"; Amazon declined to comment;<a href=\"https://laohu8.com/S/AAPL\">Apple</a>No immediate response.</p><p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/87a0889eaaeb9b020add62069308db06\" tg-width=\"707\" tg-height=\"570\"></p><p><h2 id=\"id_3373318970\">Apple's 20% stake adds variables to the trading structure</h2>One of the core obstacles to the acquisition is Apple's stake in Globalstar.</p><p>In 2024, Apple took a $1.5 billion stake in Globalstar, taking a roughly 20% stake. As part of the agreement, Globalstar pledged to reserve 85% of its network capacity for Apple for the iPhone's satellite text messaging service outside of cellular coverage.</p><p>This means that if Amazon wants to complete the acquisition, it must negotiate with Apple at the same time to deal with this strategic capacity arrangement, which makes the transaction structure more complicated.</p><p><h2 id=\"id_4137667966\">Amazon's Catch-Up Pressure</h2>Amazon's venture into the low-orbit satellite internet, called Leo, completed its first satellite launches last year.</p><p>But the gap is huge: Amazon currently has only more than 180 satellites in orbit, while Starlink, a subsidiary of SpaceX, has more than 10,000 active satellites in orbit.</p><p>Progress is equally under pressure. Amazon had to apply to the Federal Communications Commission (FCC) in February for a two-year extension to complete its regulatory requirement to launch 1,600 satellites by July this year. According to regulatory documents, Amazon plans to increase the number of satellites in orbit to about 700 by the middle of this year, but insufficient launch capacity is restricting its expansion pace.</p><p>Amazon CEO Andy Jassy told investors in February that Leo is one of a series of \"incremental opportunities\" that the $2.2 trillion e-commerce giant will pursue.</p><p><h2 id=\"id_2597600000\">Globalstar's Business Value</h2>Founded in 1991, Globalstar is already a real-world satellite telecommunications company.</p><p>Its latest annual report shows that its full-year revenue in fiscal 2025 is USD 273 million, a year-on-year increase of 9%; Operating income was $7.4 million, compared to a slight loss in the previous year.</p><p>For Amazon, acquiring Globalstar not only means obtaining ready-made satellite networks and spectrum resources, but also directly compressing the gap with Starlink. According to Bloomberg, Globalstar was already exploring a sale possibility last October and had initial contact with SpaceX, showing that the asset has attracted a number of attention.</p><p>At the commercial landing level, Amazon has partnered with JetBlue and<a href=\"https://laohu8.com/S/DAL\">Delta Airlines</a>Signing deals to provide onboard internet service for its flights in 2027 and 2028, respectively — which also makes Globalstar's network capacity more strategically valuable to Amazon.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>9 billion dollars to buy satellite operator GSAT, Amazon wants to join the \"space war\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n9 billion dollars to buy satellite operator GSAT, Amazon wants to join the \"space war\"\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2026-04-02 08:44</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Is looking to challenge SpaceX in the low-earth orbit satellite internet market by acquiring Globalstar.</p><p>Amazon is in talks with satellite telecom operator Globalstar about a takeover, people familiar with the matter told the Financial Times. As of Wednesday, April 1st, Globalstar had a market capitalization of about $9 billion, and its share price had increased by about 230% in the past year. The market had already been betting that this company could become a potential contender or M&A target for SpaceX. After the news, Globalstar rose more than 15% after hours.</p><p>Negotiations have been ongoing for a long time, but the two sides are still negotiating on a number of complex issues. People familiar with the matter cautioned that there is no final agreement yet, and negotiations are still likely to change or break down. Globalstar said, \"Company policy is not to comment on industry rumors or speculation\"; Amazon declined to comment;<a href=\"https://laohu8.com/S/AAPL\">Apple</a>No immediate response.</p><p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/87a0889eaaeb9b020add62069308db06\" tg-width=\"707\" tg-height=\"570\"></p><p><h2 id=\"id_3373318970\">Apple's 20% stake adds variables to the trading structure</h2>One of the core obstacles to the acquisition is Apple's stake in Globalstar.</p><p>In 2024, Apple took a $1.5 billion stake in Globalstar, taking a roughly 20% stake. As part of the agreement, Globalstar pledged to reserve 85% of its network capacity for Apple for the iPhone's satellite text messaging service outside of cellular coverage.</p><p>This means that if Amazon wants to complete the acquisition, it must negotiate with Apple at the same time to deal with this strategic capacity arrangement, which makes the transaction structure more complicated.</p><p><h2 id=\"id_4137667966\">Amazon's Catch-Up Pressure</h2>Amazon's venture into the low-orbit satellite internet, called Leo, completed its first satellite launches last year.</p><p>But the gap is huge: Amazon currently has only more than 180 satellites in orbit, while Starlink, a subsidiary of SpaceX, has more than 10,000 active satellites in orbit.</p><p>Progress is equally under pressure. Amazon had to apply to the Federal Communications Commission (FCC) in February for a two-year extension to complete its regulatory requirement to launch 1,600 satellites by July this year. According to regulatory documents, Amazon plans to increase the number of satellites in orbit to about 700 by the middle of this year, but insufficient launch capacity is restricting its expansion pace.</p><p>Amazon CEO Andy Jassy told investors in February that Leo is one of a series of \"incremental opportunities\" that the $2.2 trillion e-commerce giant will pursue.</p><p><h2 id=\"id_2597600000\">Globalstar's Business Value</h2>Founded in 1991, Globalstar is already a real-world satellite telecommunications company.</p><p>Its latest annual report shows that its full-year revenue in fiscal 2025 is USD 273 million, a year-on-year increase of 9%; Operating income was $7.4 million, compared to a slight loss in the previous year.</p><p>For Amazon, acquiring Globalstar not only means obtaining ready-made satellite networks and spectrum resources, but also directly compressing the gap with Starlink. According to Bloomberg, Globalstar was already exploring a sale possibility last October and had initial contact with SpaceX, showing that the asset has attracted a number of attention.</p><p>At the commercial landing level, Amazon has partnered with JetBlue and<a href=\"https://laohu8.com/S/DAL\">Delta Airlines</a>Signing deals to provide onboard internet service for its flights in 2027 and 2028, respectively — which also makes Globalstar's network capacity more strategically valuable to Amazon.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A(离岸)美元","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0320765489.SGD":"FTIF - 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