
Amazon to Acquire Globalstar for Over $11 Billion
Amazon is reportedly set to acquire satellite communications company Globalstar in a deal worth over $11 billion. This move is seen as a strategic effort to compete with Elon Musk's Starlink in the satellite internet market.
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Amazon to spend $11bn on satellite firm in growing Starlink rivalry
Amazon wants to get thousands more satellites into orbit to offer internet and mobile services.
Read full article →Amazon to buy satellite firm Globalstar in $11.57-billion deal to take on Musk’s Starlink
Tech companies are pouring billions of dollars into capturing the lucrative market for satellite-based connectivity, but it will be a tall order to match Starlink's 10,000-unit-strong network
By Reuters
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