SMH
·general
·3 hours ago
Amazon’s $16.3 billion deal amps up rivalry with Elon Musk
Amazon.com announced its $16.3 billion acquisition of Globalstar to enhance its satellite communications and compete with Elon Musk's Starlink. The deal allows Amazon to offer direct-to-device services starting in 2028 and provides key radio frequency licenses. This acquisition marks Amazon's second-largest purchase, expected to close in 2027.
Summary by Glance · SMH
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