Amazon to invest in Globalstar for $11.57B in bid to flesh out its satellite biz

Amazon to invest in Globalstar for $11.57B in bid to flesh out its satellite biz

Amazon is moving in on the orbital mobile connectivity industry that’s currently dominated by Elon Musk’s Starlink. The corporation on Tuesday mentioned it had agreed to acquire satellite corporation Globalstar, known for powering Apple’s ā€œEmergency SOSā€ feature, for $11.57 billion in cash. The $90-per-share deal will net Amazon all of Globalstar’s satellite operations, infrastructure, and […]