Amazon Acquires Globalstar for $11.5 Billion to Expand Low-Earth Orbit Satellite Network
Amazon has acquired Globalstar for $11.5 billion, aiming to expand its low-Earth orbit satellite network. The move positions Amazon as a growing competitor to SpaceX's Starlink, which remains a market leader. The acquisition requires FCC approval and is expected to close in 2027.
Topics: acquisition Amazon Globalstar satellite technology space economy SpaceX