For years, Amazon has been chasing Elon Musk’s Starlink in the satellite internet race from a distant second place. A reported $9 billion deal may be about to change the math.
Amazon is in talks to acquire Globalstar, the satellite telecommunications company, in a move that would significantly accelerate its low Earth orbit ambitions, per The Irish Times. Globalstar shares surged 12.36% in premarket trading on the news. Amazon shares fell nearly 2%.
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