Amazon.com has announced its acquisition of Globalstar for $11.57 billion, a move aimed at strengthening its satellite business as it competes with Elon Musk’s Starlink. The acquisition includes Globalstar’s existing satellites, adding to Amazon’s burgeoning network of over 200.
This deal supports Amazon’s objective to deploy approximately 3,200 satellites in low Earth orbit by 2029, with the rollout of its satellite internet services scheduled for later this year. Globalstar’s technology is pivotal for delivering direct-to-device…