Amazon buys Globalstar for $11.6B

The deal will allow Amazon to integrate Globalstar's satellite network into its Project Kuiper initiative, significantly expanding its ability to offer high-speed internet to remote areas.

Industry analysts suggest the move could have major implications for future iPhone connectivity, as Globalstar currently provides emergency satellite services for Apple.

The battle for extraterrestrial dominance between Jeff Bezos and Elon Musk is intensifying as both companies race to deploy massive satellite constellations.

Amazon plans to begin testing its next-generation space services by the end of the year, marking a new phase in the commercial space race.