Amazon Acquires Globalstar, Fuels Space Race

Amazon has acquired Globalstar, a satellite connectivity provider known for its work with Apple's iPhone SOS feature. This move intensifies the burgeoning space race, particularly in satellite communications, positioning Amazon against competitors like SpaceX. The acquisition signals a strategic push into satellite technology, potentially expanding beyond emergency services to offer broader internet connectivity solutions. Investors are watching closely as satellite connectivity is poised for significant growth, moving from niche applications to mainstream use for browsing and communication.