Amazon Acquires Globalstar

This massive investment aims to integrate Globalstar's low-Earth orbit network with Amazon's upcoming 'Leo' satellite internet service.

By securing Globalstar's spectrum licenses and intellectual property, Amazon is positioning itself as a dominant player in the $200 billion satellite communications market.

The deal is particularly notable for its inclusion of Apple, which had previously rejected offers from Starlink.

Analysts suggest the merger could finally resolve the rocket launch bottleneck that has slowed Amazon's space ambitions.