Amazon to acquire satellite operator Globalstar

Amazon has agreed to acquire satellite communications company Globalstar for approximately $11.6 billion, marking its most substantial acquisition since purchasing Whole Foods in 2017. This strategic move is poised to significantly bolster Amazon's competitive stance against rivals like Starlink in the rapidly expanding satellite internet market. The deal underscores Amazon's commitment to expanding its infrastructure and services in connectivity, potentially enabling new offerings and enhancing existing ones. This acquisition signals a major play by Amazon to capture a larger share of the global satellite communications sector.