Amazon said it would acquire Globalstar, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk’s SpaceX.
Amazon said Tuesday it would acquire Globalstar for $90 a share, in a deal worth about $11.57 billion.
The transaction will give Amazon’s nascent Leo satellite internet business a boost as it vies to compete with Elon Musk’s SpaceX.
Shares of Globals… [3915 chars]
Source: CNBC | Published: 2026-04-14T12:19:40Z
Credit: CNBC
