Globalstar (GSAT) is rallying on takeover speculation after a report said Amazon is in talks to acquire the satellite-communications company in a transaction valued around $9 billion. The report ignited immediate buying interest and pushed shares sharply higher, extending the surge into the next session as traders reposition for a possible deal announcement. (finance.yahoo.com)

A tie-up would give Amazon direct control of a U.S.-licensed LEO satellite operator and associated spectrum rights, potentially accelerating Amazon’s ambitions in space-based connectivity and supporting broader consumer and enterprise initiatives. For Globalstar shareholders, an acquisition headline typically shifts the market’s focus from quarterly execution to the probability-weighted value of a buyout premium and the risk of negotiations falling apart. (finance.yahoo.com)

Key near-term signals include any confirmation or denial from either company, signs of competing interest, and whether reported deal parameters firm up beyond an indicative $9 billion valuation. Investors will also watch for follow-on commentary about strategic rationale—especially how Globalstar’s spectrum, network plans, and existing customer relationships would fit within Amazon’s satellite roadmap—and how long any due diligence and regulatory review could take if a definitive agreement emerges. (finance.yahoo.com)