Amazon to Buy Globalstar for $11.6 Billion | Bloomberg Tech 4/14/2026
TL;DR
Amazon announces an $11.6 billion acquisition of Globalstar to secure critical satellite spectrum for its Project Kuiper service, as tech markets rally for a 10th consecutive day and Oracle races to lock down emergency power for AI data centers.
🛰️ Amazon's Satellite Spectrum Play 3 insights
$11.6 billion Globalstar acquisition
Amazon will pay $90 per share in a mix of stock and cash (capped at 40% cash) to acquire Globalstar, marking its largest deal since Whole Foods in 2017.
Strategic spectrum grab
The deal targets Globalstar's Mobile Satellite Service (MSS) spectrum to enable direct-to-cell connectivity, accelerating Amazon's 2028 launch timeline to compete with Starlink.
Competitive bidding dynamics
Amazon prevailed over SpaceX in acquiring the asset, paying a 100%+ premium from October leak levels, reflecting the scarce supply of satellite spectrum available to deep-pocketed tech giants.
📈 Tech Markets Momentum 3 insights
NASDAQ 100 10-day winning streak
The index has gained for 10 consecutive sessions, adding $3 trillion in market cap and marking the longest rally since 2021 despite ongoing geopolitical tensions.
Disney corporate restructuring
Disney announced 1,000 company-wide layoffs under new leadership, primarily consolidating its marketing department, while shares rose 1% on the cost-cutting news.
Nvidia acquisition rumors denied
Nvidia denied reports it was seeking to acquire a major PC manufacturer, causing shares of HP and Dell to fall after rising on initial speculation.
⚡ AI Infrastructure & Energy 2 insights
Oracle's emergency power deal
Oracle signed a major agreement with Bloom Energy for fuel cell power to quickly supply its data centers, paying a hefty premium to meet its 4.5 gigawatt commitment to OpenAI.
Space and defense tech capital surge
Portfolio managers highlight space and defense technology as significantly underinvested sectors seeing tremendous capital flow to support AI's bandwidth-intensive infrastructure needs.
🚗 EV Sector Restructuring 1 insight
Lucid secures $750M Saudi investment
EV maker Lucid announced fresh capital from Saudi PIF alongside the appointment of a new CEO with Stellantis experience to drive cost discipline and robotaxi development.
Bottom Line
Tech giants are paying massive premiums to secure scarce infrastructure assets—whether satellite spectrum or emergency power—to support the capital-intensive race for AI dominance and global connectivity.
More from Bloomberg Technology
View all
SpaceX Lowers IPO Valuation Target | Bloomberg Tech 5/29/2026
SpaceX is targeting a $1.8 trillion IPO valuation, down from earlier $2 trillion estimates, while Anthropic closed a $65 billion funding round at a $965 billion valuation, surpassing OpenAI. Dell shares surged 30% after raising its AI server revenue forecast to $60 billion, signaling broad-based demand across the AI infrastructure stack.
Snowflake Jumps Most Since 2020 After Amazon Deal | Bloomberg Tech 5/28/2026
Snowflake's stock surged 35% on a $6 billion Amazon cloud deal and accelerating AI revenue, while Apple prepares to unveil a completely revamped Siri as a standalone chatbot app powered by Google's Gemini models, marking a major shift in consumer AI integration.
SK Hynix, Micron Join $1 Trillion Market Cap Club | Bloomberg Tech 5/27/2026
Memory giants Micron and SK Hynix have surged into the $1 trillion market cap club driven by AI demand for high-bandwidth memory, even as geopolitical tensions rise over chip smuggling to China and investors debate whether current valuations signal peak earnings or a new growth paradigm.
China Expands Travel Curbs to Top AI Talent | Bloomberg Tech 5/26/2026
China expands travel restrictions to AI professionals while imposing tighter talent controls, as global chip stocks rally on Huawei's breakthrough 'logic folding' technology and surging AI hardware demand drives major investments.