Amazon is reportedly in talks to acquire satellite operator Globalstar in a deal valued at about $9 billion to bolster its satellite internet ambitions. If completed, the transaction would be sector-moving for satellite/telecom, could accelerate Amazon’s connectivity efforts and Project Kuiper-related strategy, and may prompt regulatory scrutiny and notable stock moves for the companies involved.
Amazon is reportedly in talks to acquire satellite operator Globalstar in a deal valued at about $9 billion to bolster its satellite internet ambitions. If completed, the transaction would be sector-moving for satellite/telecom, could accelerate Amazon’s connectivity efforts and Project Kuiper-related strategy, and may prompt regulatory scrutiny and notable stock moves for the companies involved.
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