Amazon Acquires Globalstar for $11.6B

In a landmark move for the space economy, Amazon has agreed to buy Globalstar to accelerate the rollout of its Amazon Leo satellite network.

The deal positions Jeff Bezos’ company to challenge SpaceX’s dominance in the rapidly growing satellite communications market.

Analysts suggest the acquisition is particularly strategic as it resolves previous hurdles and brings Apple onboard as a major customer for iPhone connectivity.

While the merger faces regulatory scrutiny, it represents a massive capital commitment to building out a global internet infrastructure from orbit.