All right, welcome back. Some news in the deal making space today. Amazon reportedly in talks to buy Global Star and this would be a big boost to its LEO business that it was hoping will rival Starlink.Amazon declining to comment on this particular report here, but it could be a big deal. Joining us now to break down what it could all mean for us is CNBC correspondent Mackenzie Sagalos. Mac.Uh, this could be a kind of boost, right, in this race that Amazon is trying to put up there in terms of a constellati ...

Core Viewpoint - Moody's Investors Service affirmed Amazon.com, Inc.'s A1 senior unsecured rating while revising its credit outlook from Positive to Stable due to a significant increase in planned capital expenditures for 2026 [2][10]. Investment Cycle - Amazon is entering a $200 billion capital expenditure cycle for the 2026 fiscal year, which is a substantial increase from previous years and exceeds earlier analyst estimates of approximately $148.8 billion [4][10]. - CEO Andy Jassy highlighted that these investments are essential for capturing opportunities in generative AI, robotics, and low earth orbit satellites [5]. Financial Performance - Amazon's total net sales for 2025 reached $716.9 billion, reflecting a 12% increase year-over-year [7]. - AWS generated $12.5 billion in operating income in Q4 2025, contributing significantly to the company's overall profits [6][10]. - Despite the heavy investment cycle, Amazon's credit profile remains strong, supported by its high-margin AWS and growing advertising business [6][8]. Credit Metrics - Amazon maintains a conservative leverage profile and excellent liquidity, with a strong cash-to-debt ratio compared to the tech sector [8]. - The stable outlook indicates that Amazon's diverse revenue streams and leading market share in e-commerce provide a buffer against the costs of technological expansion [7][10]. Future Outlook - For the outlook to return to positive, Amazon must demonstrate that its AI-driven investments lead to sustained margin expansion and a return to significant free cash flow growth [9]. - The stable outlook suggests that the rating is unlikely to change in the next 12 to 18 months as the market observes the execution of its 2026 spending roadmap [9].

ELON MUSK: “Starlink uses thousands of low Earth orbit satellites moving at high speed, keeping latency low. Laser links between satellites create a mesh network, so even if fiber cables are cut, the system continues to provide global internet. https://t.co/9jVZ22wpxc ...

ELON MUSK: “Starlink uses thousands of low Earth orbit satellites moving at high speed, keeping latency low. Laser links between satellites create a mesh network, so even if fiber cables are cut, the system continues to provide global internet. https://t.co/U9AmqOSFiB ...

African Market Entry & Regulation - Space42 acknowledges the ongoing discussions among African economies regarding licensing and regulations for Low Earth Orbit (LEO) satellites [1] - The company emphasizes its long-term engagement with African nations, the African Union, and African space agencies to build momentum for its programs [2] - Space42 partners with various stakeholders to ensure its programs and data are leveraged to their maximum potential by African nations [3] - Local centers of excellence within African countries will play a key role in building capabilities, expanding the program, and ensuring its sustainability [3] Competitive Landscape - Space42 views competition as healthy and benchmarks its capabilities against the global market, including competitors like Starlink, OneWeb and Amazon [4][5] Space42's Unique Value Proposition - Space42 differentiates itself by offering a combination of satellite communication, Earth observation, and geospatial data processing [6] - The company focuses on connecting the "where" (geospatial data) with the telecommunication world, including applications in IoT and direct-to-device connectivity [7] - Space42 prioritizes the benefits of its services to African nations, partners, and clients, ensuring quality and capability against the competition [8]