Amazon invests billions in Globalstar

Amazon has announced a significant investment exceeding $11 billion to acquire Globalstar, a relatively small satellite communications company. This strategic move by Amazon is poised to reshape the satellite industry and potentially impact consumer technology, particularly mobile devices. The substantial financial commitment underscores Amazon's ambition to expand its reach in satellite services and integrate them into its broader ecosystem. The implications of this acquisition are far-reaching, suggesting a future where satellite connectivity plays a more prominent role in everyday technology, possibly enhancing services for devices like the iPhone.