Amazon acquires Globalstar for $11.6B

Amazon has agreed to acquire satellite operator Globalstar in a deal valued at approximately $11.57 billion, significantly expanding its presence in the space-based internet market.

The acquisition is a direct challenge to Elon Musk's Starlink and includes a strategic partnership with Apple for emergency satellite services.

By integrating Globalstar's spectrum and assets, Amazon aims to bolster its upcoming Leo satellite constellation and offer direct-to-cell connectivity.

Industry analysts suggest the deal resolves previous regulatory hurdles and positions Amazon as a formidable competitor in the rapidly growing satellite communications sector.