Amazon to buy Globalstar for $11.57B in bid to flesh out its satellite biz
TechCrunch·5h ago·Neutral
What Happened
Amazon agreed Tuesday to purchase satellite company Globalstar for $11.57 billion in cash. Globalstar currently powers Apple's Emergency SOS feature. The acquisition represents Amazon's effort to expand its satellite business capabilities. Amazon has been developing satellite internet services through its Project Kuiper initiative. The deal includes cash payment and supports Amazon's broader ambitions in space technology infrastructure.
Key Entities
AmazonGlobalstarAppleProject Kuiper$11.57 billion