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7.4

Amazon reportedly in talks to acquire Globalstar for ~$9B satellite constellation

Amazon is reportedly negotiating to acquire satellite operator Globalstar in an estimated $9 billion deal, positioning itself to compete with SpaceX's Starlink in the low Earth orbit internet market. The deal, if completed, would significantly accelerate Amazon's Project Kuiper satellite internet ambitions. Confirmation of the acquisition terms and regulatory approval remain uncertain.

Financial Times·US·about 2 hours ago
Emerging