Globalstar's stock experienced a sharp decline, plummeting 6.54% during intraday trading on Monday.

The drop follows market talk regarding a potential acquisition of Globalstar by Amazon. Analyst commentary suggested that such a deal might be more favorable for technology provider MDA, as Amazon could be more open to collaboration with third parties like MDA to differentiate itself and catch up to competitors such as SpaceX in the space sector.

This perspective may have raised investor concerns about the specific terms and benefits of the potential acquisition for Globalstar itself, contributing to the negative sentiment and the stock's downward movement.