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Amazon Bets Big on Satellite Internet with Globalstar Acquisition

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Source: The New York Times
Amazon Bets Big on Satellite Internet with Globalstar Acquisition
Photo: The New York Times
TL;DR

Amazon is buying Globalstar for $10.8 billion to accelerate its satellite internet program (Project Kuiper/Leo), aiming to provide voice, data and messaging from space by 2028 and linking with Apple for emergency texting, as it competes with SpaceX's Starlink.

Topics:businesstechnology#amazon#globalstar#project-kuiper#satellite-internet#starlink#technology
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  1. Amazon Buys Globalstar for $10.8 Billion, Movingto Expand Its Satellite Internet Service  The New York Times
  2. Tech stocks today: Amazon to acquire satellite company Globalstar, OpenAI memo lashes out at rival Anthropic  Yahoo Finance
  3. Amazon Enters Starlink’s Orbit With $11.6 Billion Satellite Deal  Bloomberg.com
  4. Amazon to acquire Globalstar and expand Amazon Leo satellite network  About Amazon
  5. Amazon's $11.6 billion Globalstar deal will not fix rocket launch bottleneck, analysts say  Reuters

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