Amazon is in talks to acquire U.S. satellite operator Globalstar to expand its space-based internet business and directly challenge Elon Musk's Starlink; the firms are still negotiating terms after lengthy discussions. The potential deal would be a strategic M&A move that could shift competitive dynamics in low-Earth-orbit/satellite internet, likely affecting Amazon and Globalstar equity and intensifying competitive pressure on SpaceX's Starlink.
Amazon is in talks to acquire U.S. satellite operator Globalstar to expand its space-based internet business and directly challenge Elon Musk's Starlink; the firms are still negotiating terms after lengthy discussions. The potential deal would be a strategic M&A move that could shift competitive dynamics in low-Earth-orbit/satellite internet, likely affecting Amazon and Globalstar equity and intensifying competitive pressure on SpaceX's Starlink.
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