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 orbit. Continue reading...
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