On the heels of the Artemis II launch and SpaceX’s confidential filing to go public, Amazon is reportedly looking to acquire Globalstar as it works on its own satellite internet ambitions. Our analyst team also takes a look at the economy through the lens of luxury furniture retailer RH before closing the show out by answering a question from our mailbag about good investing books for beginners. Tyler Crowe, Matt Frankel, and Jon Quast discuss: - Amazon’s reported interest in Globalstar - RH and housing trends - Best investing books for beginners Companies discussed: Amazon (AMZN), Globalstar (GSAT), Nike (NKE), RH (RH), Berkshire Hathaway (BRK.A)(BRK.B) Host: Tyler Crowe Guests: Matt Frankel, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

“Alexa, Let’s Go to Outer Space”

Motley Fool Hidden Gems Investing

# Full Transcript

**Podcast:** Motley Fool Money

## Transcript

The space industry is moving at light speed. This is Motley Fool Money. Welcome to Motley Fool Money. I'm Tyler Crowe and today I'm joined by longtime Fool contributors Matt Frankel and Jon Klost.

Got a pretty full schedule here. We're going to talk about RH, what used to be restoration hardware and its struggles, kind of following up from yesterday's discussion about Nike. We're going to get some listener questions, but we wanted to get started first with space and space investing in particular. It has been one heck of a week when we talk about space in general. Just yesterday, the Artemis 2 launch, which look, it happened. I don't care how many times we see rocket launches. Those things are wicked cool to watch.

Yeah, and not to brag, but as a Floridian, I got to see the Artemis launch from my front yard yesterday. Me and my nine-year-old ran outside right after we watched the countdown on YouTube. Man, I'm pumped about space right now. And talk about seeing smoke. There is a lot of smoke happening in the industry of space as well. I mean, we've talked about the SpaceX IPO. We've mentioned it before in our IPO show.

And this week, that chatter is getting louder and louder by the day. So it seems like the SpaceX IPO is coming pretty soon. And also in space news today, satellite company Global Star is up about 8% as we tape on rumors that Amazon is looking to acquire it. Now, one of the deals that we saw recently, I want to say in the past year or so, or maybe even further back, was SpaceX acquiring spectrum from Echo Star.

It's basically the ability to use broadband spectrum for communications. In doing so, it established the ability for SpaceX to use cellular data transmission via satellite. Now, I'm not saying this is precisely why SpaceX made that happen. And I'm not saying that's precisely why Amazon is making this acquisition of Global Star. But Global Star does have a very large spectrum license for the next 15 years.

So, Matt, I have to imagine that was part of the deal. Simply put, Amazon needs to scale its satellite, you know, build out faster. They have grand plans. I think the latest number I saw was 3,200 satellites of its own. It wants to get into orbit to really rival Starlink. But it's not there yet. But Starlink, just to put it in perspective, has over 10,000 active satellites. Amazon has about 200.

Acquiring Global Star and its spectrum licenses would speed up the timeframe because that's something, no matter how much money you have, you just can't speed that up. John is going to dive into Global Star's business a little more in a bit. But it does own valuable spectrum licenses, as Tyler said. And it's almost certainly a big reason that Amazon's interested here. Like I mentioned, these are highly regulated. They require years of navigating regulation, not only in the U.S., but all over the world.

Global Star holds licenses for a valuable spectrum in more th...

“Alexa, Let’s Go to Outer Space”

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

“Alexa, Let’s Go to Outer Space”

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.