New Street Research launched coverage of 10 space stocks on Wednesday. The broker call four of the stocks buys.
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New Street Research launched coverage of 10 space stocks on Wednesday. The broker call four of the stocks buys.
Amazon.com Inc agreed to acquire Globalstar Inc for $11.57 billion, snatching a satellite company that Elon Musk’s SpaceX had tried to buy itself just months earlier. Amazon Outbid SpaceX Amazon beat out SpaceX for Globalstar, securing spectrum and satellite infrastructure that strengthens its position in both broadband and direct-to-device connectivity. SpaceX has roughly 10,000 Starlink satellites in orbit. Amazon has around 200, but is planning $200 billion in capex this year and targeting 3,