The Guardian Australia
·general
·3 hours ago
Amazon acquires Globalstar for $11.57 billion to enter satellite internet market
Amazon announced on Tuesday it will acquire satellite firm Globalstar for $11.57 billion, aiming to challenge SpaceX’s Starlink. The deal, pending regulatory approval, provides access to Globalstar's network of two dozen satellites. This acquisition supports Amazon's plans to deploy 3,200 satellites by 2029 as it prepares to enter the satellite internet market.
Summary by Glance · The Guardian Australia
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