AMZN is trading at $247.44 (+3.15%) after announcing a definitive agreement to acquire Globalstar to integrate into its 'Amazon Leo' LEO network.
- The acquisition aims to leverage Globalstar's satellite constellation to provide expanded global connectivity.
- The stock's surge aligns with a 1.25% gain in the NASDAQ amid a broader market rally.
- Investor sentiment is bolstered by easing geopolitical tensions following progress in US-Iran negotiations.