Yhn BusinessBusiness first seen 9 d ago, last 9 d ago, peak #5
Amazon to buy satellite firm Globalstar in $11.57B deal
Amazon has agreed to acquire satellite company Globalstar in a deal worth $11.57 billion, in a move widely read as an effort to challenge SpaceX's Starlink in the satellite connectivity market. Globalstar provides satellite communications services and already has ties to Apple for emergency messaging on iPhones. The acquisition would give Amazon expanded spectrum and satellite infrastructure as it builds out its own space-based broadband ambitions.
Why now: The size of the deal and its direct challenge to Starlink's dominance in satellite internet make it major tech and telecom news.
AmazonGlobalstarSpaceXStarlinkApple
Evidence
- Amazon to buy satellite firm Globalstar in $11.57B deal · noptd · 174
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