Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Starlink-July 2024-www.financetom.com

Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Starlink

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Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Starlink

Apr 14, 2026 5:26 AM

April 14 (Reuters) - Amazon.com ( AMZN ) said on Tuesday

it would acquire Globalstar ( GSAT ) in an $11.57 billion deal,

bolstering its fledgling satellite business to take on bigger

rival SpaceX's Starlink.

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