Amazon to buy Globalstar for $11.6B

The acquisition of Globalstar positions Amazon to dominate the future of mobile satellite connectivity, potentially bringing new features to millions of smartphone users.

Wall Street analysts noted that the deal provides Amazon with critical spectrum and infrastructure to support its growing AI and cloud ambitions.

The move follows months of speculation about the tech giant's next steps in the space sector as it races to deploy its own Kuiper satellite constellation.

By absorbing Globalstar, Amazon gains a significant advantage in the battle to provide global internet coverage from orbit.