Amazon $AMZN is making a major move in the satellite internet race. Amazon $AMZN is reportedly acquiring Globalstar $GSAT for $11.57 billion, strengthening its position in the growing competition with $SPCX SpaceX's Starlink and gaining valuable satellite spectrum rights. The deal could also deepen Amazon's relationship with Apple $AAPL, with Globalstar's satellite network supporting features such as Emergency SOS on iPhones and Apple Watches. While Starlink currently leads the satellite race with thousands of satellites already in orbit, Amazon's satellite ambitions are rapidly expanding through Project Kuiper. The acquisition could give Amazon $AMZN a stronger foundation for direct-to-device connectivity-potentially allowing smartphones and other devices to connect without traditional cellular towers. With satellite connectivity becoming increasingly important for remote communication, emergency services, and global internet access, the competition between Amazon $AMZN and SpaceX $SPCX is becoming more interesting than ever.
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Deadasshionately Maker@mkrdvdnd · 9d
Just started a position in amazon today. Its time.
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