Amazon Acquires Globalstar for $11.6 Billion to Expand Its Low Earth Orbit Satellite Network
Amazon has agreed to acquire Globalstar for $11.6 billion to bolster its low Earth orbit satellite project, Amazon Leo. The acquisition aims to accelerate the deployment of its satellite constellation and challenge SpaceX's Starlink. However, the significant investment may impact Amazon's free cash flow over several years.
Topics: Amazon Corporate Strategy Globalstar Satellite Constellation SpaceX Starlink