Globalstar (GSAT) Climbs to New High on SpaceX Acquisition Report

Core Viewpoint - Globalstar, Inc. (NASDAQ:GSAT) has seen significant stock price increases due to early negotiations for a potential merger with SpaceX, leading to a new all-time high in share prices [1][2]. Group 1: Stock Performance - Globalstar's share price reached a 52-week high of $54.57 before closing at $50.78, reflecting a 22.24% increase for the day [2]. - The stock's performance is attributed to investor interest following merger discussions with SpaceX [1][2]. Group 2: Merger Discussions - Globalstar is reportedly in early talks with SpaceX regarding a potential sale, among other companies [2]. - The company is working with an investment bank to assist in the sale process, although remaining independent is still an option [3]. Group 3: Investment Considerations - Apple Inc. has previously invested $1.5 billion in Globalstar and may influence the outcome of the proposed deals [4]. - Globalstar's Chairman, James Monroe, has expressed openness to selling the company for $10 billion [4].