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Why Globalstar Stock Popped Today

TheMotleyFool

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Shares of Globalstar (NASDAQ: GSAT) jumped on Thursday, following reports that Amazon (NASDAQ: AMZN) is thinking about buying the mobile connectivity services provider.

Image source: Getty Images.

Amazon is ramping up Project Kuiper, its multi-billion-dollar plan to launch thousands of satellites into low Earth orbit in the coming years. It has deployed about 200 satellites to date.

Source Fool.com

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