Deutsche Bank: Acquisition of Globalstar will become the "second pillar" of Amazon's space strategy

Glonghui, April 16 — After Amazon announced the acquisition of the satellite operator Globalstar, Deutsche Bank immediately updated its rating on Amazon and set a target price of $290 for the company. Deutsche Bank pointed out that on the surface, Globalstar's assets consist of a satellite network and enterprise customers, but its true core value lies in the scarce spectrum resources. Deutsche Bank expects that, based on satellite communication and connectivity services, the potential future total addressable market (TAM) could reach several hundred billion dollars, covering broadband access, enterprise IoT, consumer-grade D2D, and other areas. Analysts stated that Amazon has consistently been willing to build a moat through significant upfront capital expenditures (such as AWS and its delivery network), and this acquisition is a key move in establishing a “second pillar” in the space economy.