Amazon in talks to buy $9 billion satellite group Globalstar, FT reports

The potential $9 billion acquisition of Globalstar (GSAT) marks a strategic pivot for Amazon (AMZN) to accelerate Project Kuiper, creating a high-conviction narrative shift that aligns with the broader AI-infrastructure boom evidenced by the massive $122B OpenAI funding round. While the Bahrain facility damage introduces localized geopolitical risk, the market is currently viewing Amazon’s aggressive capital allocation as a long-term catalyst, supported by a bullish MACD crossover that suggests a potential breakout from its $210 neutral consolidation. Investors should look for a sustained push above the $215 resistance level; a failure to hold the $205 support would signal that macro-geopolitical fears are outweighing infrastructure growth potential. Given the volume remains near average (0.93x), we are likely in a period of accumulation rather than a climax run, suggesting that traders should wait for a confirmed breakout above $216.50 on increased volume before adding exposure. The confluence of this satellite vertical integration and Amazon’s dominance in cloud energy data creates a strong fundamental moat, reducing downside risk as long as the $200 psychological floor remains intact during volatility spikes.