Amazon Buys Globalstar for $11B

This landmark acquisition grants Amazon access to Globalstar's established network of satellites and valuable spectrum licenses, accelerating its timeline for global internet coverage.

Analysts suggest the deal is complicated by Apple's existing stake in Globalstar, but it ultimately positions Amazon as a primary provider for future smartphone satellite features.

The move comes as Big Tech firms invest hundreds of billions into infrastructure to support the burgeoning AI and space economy.

By securing this hardware foundation, Amazon aims to bypass the rocket launch bottlenecks that have previously hindered its satellite deployment.