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BofAS Expects Acquisition of Globalstar to Benefit Amazon.com Satellite Network Services w/ Significant Rev. Opportunities
16 Apr 2026 11:38
Amazon.com (AMZN.US) agreed to acquire Globalstar, a mobile satellite service operator, with the transaction expected to be completed in 2027, BofA Securities issued a research report saying. The deal will enhance Amazon.com's own next-generation direct-to-device (D2D) system and expand network coverage scope.

The broker believed that, as Amazon Leo scales up, there will be significant revenue opportunities. Therefore, BofA Securities kept rating at Buy on Amazon.com, with a target price of US$275.
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