Amazon buys Globalstar for $11.57B

Amazon has announced its intention to acquire Globalstar, a satellite communications company, for a substantial $11.57 billion in an all-cash transaction. This strategic move is aimed at significantly bolstering Amazon's burgeoning satellite business. Globalstar is notably recognized for providing the satellite connectivity that powers Apple's "Emergency SOS" feature on iPhones, highlighting its existing role in critical communication services. The acquisition is expected to enhance Amazon's capabilities in satellite technology and services, potentially competing with other major players in the space.