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Amazon.com Inc (NASDAQ:AMZN) has announced a definitive agreement to acquire Globalstar, a mobile satellite services operator, for $11.57 billion.
This strategic move positions Amazon to directly challenge Elon Musk‘s SpaceX/Starlink in the rapidly growing satellite internet market.
Through this acquisition, Amazon will gain control of GlobalStar’s satellite operations, infrastructure, and assets, integrating them with its existing Amazon Leo project, a press release stated.
This merger is expected to accelerate Amazon’s efforts to deliver satellite-based internet services, particularly in areas where traditional cellular networks are unavailable.
Separately, Amazon also signed an agreement with …
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