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Amazon Acquires Globalstar for $11.6 Billion to Challenge Starlink

Amazon has announced its acquisition of satellite firm Globalstar for approximately $11.6 billion, a move aimed at expanding its satellite internet service. This strategic purchase is widely seen as a direct challenge to Elon Musk's Starlink in the burgeoning space internet market.

14 Apr, 10:10 — 14 Apr, 18:09
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Sources

Showing 4 of 10 sources
NYTMostly Factual2h ago

Amazon Buys Globalstar for $10.8 Billion, Movingto Expand Its Satellite Internet Service

The e-commerce giant is buying Globalstar, a satellite communications company, as it aims to expand its own satellite internet service to compete with Elon Musk’s Starlink.

By Natallie Rocha

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The GuardianMostly Factual4h ago

Amazon to buy satellite firm Globalstar for $11.57bn in challenge to Musk’s Starlink

Deal, subject to regulatory approval, would give Bezos firm access to Globalstar’s network of two dozen satellites Amazon said on Tuesday it would acquire a satellite company in an $11.57bn deal, bolstering its own fledgling interstellar business as it looks to take on Elon Musk-led bigger rival Starlink. The deal gives Amazon access to Globalstar’s network of two dozen satellites, boosting the tech giant’s ambitions to challenge SpaceX unit Starlink, which currently has about 10,000 units in...

By Reuters

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express-tribuneMostly Factual10h ago

Amazon signs $11.57b deal for satellite firm Globalstar to challenge Musk's Starlink

Tech firms invest billions in satellite internet; Amazon adds Globalstar’s satellites to network

By Reuters

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morocco-world-newsMixed2h ago

Amazon Strikes $11.57 Billion Deal To Acquire Globalstar

Amazon has agreed to acquire Globalstar in a deal valued at $11.57 billion, marking a significant move to strengthen its position The post Amazon Strikes $11.57 Billion Deal To Acquire Globalstar appeared first on Morocco World News.

By Zayneb Elasraoui

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