Amazon offered $90 for Globalstar (GSAT). Insiders are selling $12 million near $83
Amazon agreed to pay $90 a share for Globalstar. In one week, three insiders sold or filed to sell about $12 million of GSAT stock near $83, none under a trading plan.
SpaceX's 911 million share unlock landed today. The stock rose, and the rest of the space trade rallied harder.
SpaceX's 911.5 million share unlock landed today and the stock rose anyway. Fourteen other space stocks rallied harder, from Rocket Lab's new Space Force deal to Voyager's raised guidance.
EchoStar (ECHO) just reported $24.12 in earnings per share. Almost all of it came from bankruptcy.
EchoStar reported net income of $8.46 billion for the second quarter. About $9.73 billion of it was a non-cash gain booked when DISH DBS filed a prepackaged Chapter 11 on the final day of the quarter.
Amazon (AMZN) wants 5,105 satellites talking to your phone, on Globalstar (GSAT) spectrum it doesn't own yet
The application covers 5,105 satellites connecting straight to phones, starting in 2028, running on airwaves that still belong to Globalstar. Amazon agreed in April to buy the company for about $11.6 billion, and that deal is not expected to close until 2027. Globalstar trades $11 under the headline price, and the reason is in the exchange ratio rather than in doubts about the deal.
All seven Magnificent Seven stocks fell today. Here's where that money actually went (July 23, 2026)
All seven Magnificent Seven stocks were red by late morning Thursday, led by Tesla's 14% drop on an earnings miss and Alphabet's close-to-7% slide despite beating estimates, on another capex raise. Amazon and Meta sold off too ahead of next week's reports. The money didn't just leave, it rotated: into defense on Lockheed's earnings beat, and out of quantum, SaaS and space.
What every space stock actually does, and why ASTS, RKLB and the rest fell after SpaceX went public
Space stocks ran up together on Golden Dome defense money, then fell together after SpaceX’s record IPO. Here is what AST SpaceMobile (ASTS), Rocket Lab (RKLB), Planet Labs (PL) and the rest of the basket actually do, and why they move as one trade.