Amazon Buys Globalstar Satellite Network

Amazon is set to acquire Globalstar, a mobile satellite services operator, to enhance its Amazon Leo low Earth orbit satellite network. This strategic move aims to bolster Amazon's capabilities in providing continuous connectivity. The definitive merger agreement is expected to finalize by 2027, pending the fulfillment of customary closing conditions. This acquisition positions Amazon to further integrate satellite technology into its expanding ecosystem, potentially impacting logistics, cloud services, and consumer connectivity offerings.