Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Musk’s Starlink (opens in new tab)

Amazon said on Tuesday it would acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it looks to take ​on Elon Musk-led bigger rival Starlink. Shares of satellite company Globalstar were up more than 9% ‌in premarket trading, after gaining over 6% in the past two weeks following media reports of […] The post Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Musk’s Starlink appeared first on OODAloop.