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Why Amazon Just Spent $12 Billion on a Money-Losing Satellite Company — And the Supply Chain Stock That Benefits Most
Amazon just agreed to acquire Globalstar for somewhere between $11 and $12 billion. The catch: Globalstar did $273 million in revenue last year and has never been consistently profitable. So what exactly is Amazon buying — and why now?
In this episode, Nick and Kasey work through the full strategic logic behind the deal, explain what Amazon Leo actually is, and then reveal the small-cap satellite manufacturer sitting directly in the supply chain that some investors haven't found yet.
The short answer on why Amazon wants Globalstar: spectrum rights, an existing customer base that includes…
The skinny
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