Amazon Acquires Globalstar for $11.6B

By acquiring Globalstar, Amazon gains access to critical wireless spectrum and an established low-Earth orbit constellation to compete more effectively with Elon Musk's Starlink.

Amazon has committed to continuing Globalstar's support for Apple's 'Emergency SOS' feature while integrating the assets into its own 'Leo' satellite internet service.

The acquisition is expected to accelerate Amazon's plans to offer direct-to-cell connectivity for smartphones and IoT devices globally.

Industry analysts view the $90-per-share deal as a strategic masterstroke that secures Amazon's position in the rapidly expanding space-based communications market.