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

After Amazon announced the acquisition of 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 include satellite networks and enterprise customers, but its true core value lies in its scarce spectrum resources. Deutsche Bank expects that the potential market size for satellite-based communication and connectivity services could reach tens of billions of dollars in the future, covering multiple areas such as broadband access, enterprise IoT, and consumer-level D2D. Analysts said that Amazon has always been willing to establish a moat through high initial capital expenditures, and this acquisition is a key move for the company to establish a "second pillar" in the space economy.