Amazon’s acquisition of Globalstar for approximately $11.57 billion — or $90 per share — is one of the most strategically loaded deals of 2026, and it’s a reminder that small-cap companies can sit at the center of the biggest transactions in the market. Globalstar, once a modest satellite operator with a market cap well beneath the radar of most institutional investors, has become the cornerstone of Amazon’s bid to compete directly with Elon Musk’s SpaceX in the rapidly expanding space connectivity market — while simultaneously locking in a critical partnership with Apple