Amazon to buy Globalstar to bolster Leo satellite business

2 months ago 15
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A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon's Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk's Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, on April 9, 2025.

Steve Nesius | Reuters

Amazon said Tuesday it would acquire Globalstar for $90 a share, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk's SpaceX.

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