Amazon acquires Globalstar for $11.6B

In its largest acquisition since 2017, Amazon has moved to challenge Elon Musk's Starlink by purchasing Globalstar and its extensive network of low-Earth orbit satellites.

The $11.6 billion deal grants Amazon access to critical wireless spectrum and established satellite infrastructure, which will be integrated into its upcoming Leo internet constellation.

As part of the agreement, Amazon will continue to support Apple's emergency SOS features, creating a rare collaboration between the two tech giants.

Industry analysts suggest the move is a vital step for Amazon as it races to deploy 3,200 satellites by 2029 to provide global high-speed broadband.