Amazon acquires Globalstar for $9-10B, boosting Amazon Leo satellite services

Amazon’s $9-10 billion acquisition of Globalstar adds satellite services and spectrum to Amazon Leo. The Polymarket contract “Will NVIDIA be the largest company in the world by market cap on June 30?” sits at 88.5% YES.

Market reaction

The acquisition gives Amazon’s low Earth orbit satellite constellation, Amazon Leo, access to Globalstar’s spectrum licenses in over 120 countries, putting it in more direct competition with SpaceX’s Starlink. The NVIDIA market cap market holds steady at 88.5% YES, showing no reaction to the Amazon news.

Why it matters

Globalstar’s integration could accelerate growth in Amazon’s AWS and satellite businesses, which over time might challenge NVIDIA’s position at the top of the market cap rankings. The term structure shows no movement on the June 30 odds (77 days away), while December 31 odds sit at 0.9% YES.

What to watch

Daily volume is $16,064 in USDC, and it takes $12,491 to move the market 5 points, indicating a thick order book. The largest single move was a 1-point drop. At 88.5%, a YES share costs 88¢ for a 1.13x return if NVIDIA holds the top spot.

Watch for Apple’s response, given its existing stake in Globalstar, and any AWS performance updates from Amazon. Either could shift odds.

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