Jack Crivici-Kramer

Because they're up in space, apparently, too.

But this story starts in the late 1990s, before SpaceX was even a twinkle in Elon's eyes.

Back when Independence Day was the space movie of a generation.

That's when Globalstar, a publicly traded company, put their first satellites up into space.

Well, now this satellite company, Global Star, is headquartered in Louisiana, and they're focused on satellite phones.

Global Star allows emergency messaging for lost hikers, stranded sailors, dudes living off the grid and need to get a message out somehow.

And those Global Star satellites have hitched rides on Russian rockets, Boeing rockets, and SpaceX's rockets for years now.

And today, they've got 24 satellites in orbit, and they own valuable wireless bandwidth here on Earth as well.

Real estate, that's some good real estate.

But now all of that is going to belong to Amazon.

Yes.

Which announced on Tuesday they're acquiring GlobalStar for $11.6 billion, which is about two lifts.

Wall Street absolutely loved it, by the way.

Huge fans of this.

The stock in Amazon actually rose 5% on Tuesday, close to an all-time high.

For a $2.3 trillion company to rise 5%, that's $125 billion in new stock market market cap value.

I think what we're saying, Jack, is that the stock gain of Amazon in one day more than pays for that $12 billion acquisition price of this satellite business.

Nick, it pays for it 10 times over.

And here's the splashiest part.

We're not done yet.