Bloomberg Tech Amazon to Buy Globalstar for $11.6 Billion
Apr 14, 2026
Denny Fish, portfolio manager on Janus Henderson’s global tech and innovation team, gives quick takes on tech market momentum and AI infrastructure investing. Conversation covers Amazon’s bid for Globalstar and the value of spectrum. They also touch on Lucid’s new leadership and capital, Mythos AI being used by the US Treasury, and why AI demand keeps lifting tech stocks.
AI Snips
Chapters
Transcript
Episode notes
Elect Payment Early Because Cash Is Capped
- Shareholders in the Globalstar deal must choose cash or stock but cash is capped at 40% and will be prorated.
- Elect payment early because the final allocation is determined a few days before closing and excess cash requests get prorated.
Direct To Phone Is Different From Broadband Satellite
- Direct-to-satellite and broadband are distinct products with different satellite designs and user experiences.
- Direct-to-cell needs specialized low-power links and big antennas; broadband (Starlink) provides high-capacity fixed links like 100–400 Mbps.
Lucid CEO Picked With PIF Backing And A Discipline Mandate
- Silvio Napoli emphasized PIF's role during his decision to join Lucid and stressed discipline and choosing what not to do.
- Napoli said deciding what projects to stop will be as important as those to pursue, citing robo-taxi prototypes and cost focus.