Amazon.com said on Tuesday it will acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it tries to catch up with Elon 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. Through the deal, Amazon adds Globalstar’s two dozen sat… [3975 chars]
Source: Reuters | Published: 2026-04-14T12:05:45Z
Credit: Reuters
