Amazon to Buy Globalstar in $11.6 Billion Deal to Challenge Starlink, Keep Apple Satellite Features Running
Amazon.com moved to acquire Globalstar on Tuesday, striking an agreement valued at around $11.6 billion. The move aims to boost Amazon’s Leo satellite network, accelerating its entry into phone-to-satellite connectivity and ratcheting up the competition with SpaceX’s Starlink. Globalstar’s stock jumped close to 9% during the morning session in the U.S., while Amazon shares picked up about 2.7%.
