Amazon eyes Globalstar to rival SpaceX's Starlink

Amazon is reportedly in talks to acquire satellite telecommunications company Globalstar, aiming to bolster its own low-Earth orbit satellite internet service, Project Kuiper. This move would position Amazon as a direct competitor to Elon Musk's SpaceX and its dominant Starlink service. The potential acquisition is complicated by Apple's existing 20% stake in Globalstar, necessitating negotiations between the tech giants. Globalstar's shares have surged amid takeover speculation, reflecting its strategic value in the rapidly expanding satellite internet market.