Amazon buys Globalstar for $11bn

In a major escalation of the corporate space race, Jeff Bezos' Amazon is set to acquire Globalstar in one of the largest satellite deals in history.

This acquisition provides Amazon with critical spectrum and infrastructure to compete directly with SpaceX's Starlink in the growing market for space-based internet.

Industry analysts suggest the deal could have major implications for Apple, which currently uses Globalstar for its iPhone emergency satellite features.

The move underscores Amazon's ambition to build a robust global communications network that bypasses traditional terrestrial constraints.